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 we call National-Socialism is the poisonous perversion of ideas which have a long history in German intellectual life.”
—Thomas Mann (1875–1955)
“In the history of the human mind, these glowing and ruddy fables precede the noonday thoughts of men, as Aurora the sun’s rays. The matutine intellect of the poet, keeping in advance of the glare of philosophy, always dwells in this auroral atmosphere.”
—Henry David Thoreau (1817–1862)
“It is the true office of history to represent the events themselves, together with the counsels, and to leave the observations and conclusions thereupon to the liberty and faculty of every man’s judgement.”
—Francis Bacon (1561–1626)