Quantile regression is a type of regression analysis used in statistics and econometrics. Whereas the method of least squares results in estimates that approximate the conditional mean of the response variable given certain values of the predictor variables, quantile regression aims at estimating either the conditional median or other quantiles of the response variable.
Read more about Quantile Regression: Advantages and Applications, Mathematics, History, Quantiles, Example, Intuition, Sample Quantile, Conditional Quantile and Quantile Regression, Computation, Asymptotic Properties, Implementations