| Discussion Forum: Thread 212702 |
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| | | Author: | sfkookoo  | | Posted: | Nov 3, 2016 16:17 | | Subject: | Median Price with or instead of Avg Price | | Viewed: | 98 times | | Topic: | Suggestions | | Status: | Open | | Vote: | [Yes|No] | |
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| Hi there,
When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
Thanks for you consideration!
- sfkookoo
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| | | | | Author: | mikmo | | Posted: | Nov 3, 2016 16:50 | | Subject: | Re: Median Price with or instead of Avg Price | | Viewed: | 42 times | | Topic: | Suggestions | |
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| In Suggestions, sfkookoo writes:
| | Hi there,
When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
Thanks for you consideration!
- sfkookoo
|
You should use the 6 month average sold price, it is much more realistic.
Mikael / MikMo
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| | | | | | | Author: | sfkookoo | | Posted: | Nov 3, 2016 23:19 | | Subject: | Re: Median Price with or instead of Avg Price | | Viewed: | 36 times | | Topic: | Suggestions | |
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| In Suggestions, mikmo writes:
| | In Suggestions, sfkookoo writes:
| | Hi there,
When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
Thanks for you consideration!
- sfkookoo
|
You should use the 6 month average sold price, it is much more realistic.
Mikael / MikMo
|
Agreed, Mikael. There is value also to knowing both a median value and an average
value. Perhaps if there are any math whizzes out there, you could comment? Perhaps,
it could also be a toggle feature, just as the grams/ounces allows a user to
choose what they prefer?
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| | | | | | | | | Author: | FigBits | | Posted: | Nov 4, 2016 00:08 | | Subject: | Re: Median Price with or instead of Avg Price | | Viewed: | 43 times | | Topic: | Suggestions | |
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| In Suggestions, sfkookoo writes:
| | In Suggestions, mikmo writes:
| | In Suggestions, sfkookoo writes:
| | Hi there,
When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
Thanks for you consideration!
- sfkookoo
|
You should use the 6 month average sold price, it is much more realistic.
Mikael / MikMo
|
Agreed, Mikael. There is value also to knowing both a median value and an average
value. Perhaps if there are any math whizzes out there, you could comment? Perhaps,
it could also be a toggle feature, just as the grams/ounces allows a user to
choose what they prefer?
|
It would be useful.
It's been suggested before.
--
Marc.
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USA, California
Denmark
Canada, Ontario