History
The idea of estimating a median regression slope, a major theorem about minimizing sum of the absolute deviances and a geometrical algorithm for constructing median regression was proposed in in 1760 by Ruđer Josip Bošković, a Jesuit Catholic priest from Dubrovnik.,. Median regression computations for larger data sets are quite tedious compared to the least squares method, which historically generated a lack of popularity among statisticians, until the widespread use of computers in the latter part of the 20th century.
Read more about this topic: Quantile Regression
Famous quotes containing the word history:
“What would we not give for some great poem to read now, which would be in harmony with the scenery,—for if men read aright, methinks they would never read anything but poems. No history nor philosophy can supply their place.”
—Henry David Thoreau (1817–1862)
“Certainly there is not the fight recorded in Concord history, at least, if in the history of America, that will bear a moment’s comparison with this, whether for the numbers engaged in it, or for the patriotism and heroism displayed.”
—Henry David Thoreau (1817–1862)
“There is a constant in the average American imagination and taste, for which the past must be preserved and celebrated in full-scale authentic copy; a philosophy of immortality as duplication. It dominates the relation with the self, with the past, not infrequently with the present, always with History and, even, with the European tradition.”
—Umberto Eco (b. 1932)