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
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