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Definition of 'Harmonic Average'
The mean of a set of positive variables. Calculated by dividing the number of observations by the reciprocal of each number in the series.
Also known as "harmonic mean".
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Investopedia explains 'Harmonic Average'
Alternately, the harmonic average could be thought of as the reciprocal of the arithmetic mean of inverse values.
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Search results for 'Harmonic Average'
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http://www.investopedia.com/exam-guide/cfa-level-1/quantitative-methods/statistical-return-calculations.asp
... Concentration Measures; 3.13 Modifying Output; 3.14 Marginal and Average
Total Cost Curves; 3.15 Perfectly Competitive Markets; 3.16 ...
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