Diff btw percentile and quantile
megh <megh700004 <at> yahoo.com> writes:
To calculate Percentile for a set of observations Excel has percentile() function. R function quantile() does the same thing. Is there any significant difference btw percentile and quantile?
If you check the documentation of quantile, you will note that there are 9 variants of quantile which may give different values for small sample sizes and many ties. I found a German page that explains the algorithm Excel uses: http://www.excel4managers.de/index.php?page=quantile01 but I did not check if which of the R-variants this is equivalent to. Dieter