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:
“Psychology keeps trying to vindicate human nature. History keeps undermining the effort.”
—Mason Cooley (b. 1927)
“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
—Titus Livius (Livy)
“A country grows in history not only because of the heroism of its troops on the field of battle, it grows also when it turns to justice and to right for the conservation of its interests.”
—Aristide Briand (1862–1932)