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skovl
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[*] posted on 14-9-06 at 20:33
Valueguide request


I use the valueguide very much. It is a good guideline for me when I buy stuff.
What I miss is a "latest 5 auctions" or " latest 10 auctions" line though.
It is well known that an item goes very high when it's new, but often prices drop later on.
The first auctions reported still have influence on the average price after some time.
But if we could get an average price of the latest 5 or 10 auctions it would tell more about the actual price at the moment.
Is it possible to make such a thing???

[Edited on 14-9-2006 by skovl]

[Edited on 14-9-2006 by skovl]




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[*] posted on 14-9-06 at 21:23


I thought about the same. But I think "Standard Deviation" would be more interesting; something like: "50% of ebay auctions of this item was sold between x and y €".

P.S. at Thomas: don't say "stuff" if you mean nice DM-items




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skovl
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[*] posted on 14-9-06 at 21:25


Quote:
Originally posted by Devid
I thought about the same. But I think "Standard Deviation" would be more interesting; something like: "50% of ebay auctions of this item was sold between x and y €".

P.S. at Thomas: don't say "stuff" if you mean nice DM-items


I'm sorry. I'm mean "nice DM items":spin:




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[*] posted on 15-9-06 at 02:02


You can always recalculate yourself. I've done that several times.



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skovl
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[*] posted on 15-9-06 at 16:58


Then a lot of my "impulse buying" will be stopped, Peter.



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[*] posted on 15-9-06 at 19:19


Anyway, highest, lowest and latest are not very representative for an item's price.
Anyone who studied statistics?? (I had this subject only one year, long time ago)




I don't have to collect to enjoy my collection.

looking for:
- Perfect US promo 3 track (yellow) and 5 track (red)
still looking for a lot of
- Belgian editions
- BeNeLux editions

- Devid's Depeche Mode Collection
- http://www.personaltraining-plus.be
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[*] posted on 15-9-06 at 19:58


Quote:
Originally posted by skovl
Then a lot of my "impulse buying" will be stopped, Peter.

I don't get that?




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[*] posted on 12-10-06 at 12:05


Quote:
Originally posted by Devid
Anyway, highest, lowest and latest are not very representative for an item's price.
Anyone who studied statistics?? (I had this subject only one year, long time ago)


Exactly like me. Too long time ago.

Quote:
Originally posted by Devid
I thought about the same. But I think "Standard Deviation" would be more interesting; something like: "50% of ebay auctions of this item was sold between x and y €".


I don't have a clue how to calcaluled that. But I still have my old statistic books in a box down in my basement. I will try to find it.....




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[*] posted on 12-10-06 at 12:06


Quote:
Originally posted by skovl
What I miss is a "latest 5 auctions" or " latest 10 auctions" line though.
......
Is it possible to make such a thing???


Yes, it shouldn't be a big problem. Let me give it a try.




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[*] posted on 13-10-06 at 07:02


Here is a good example where the "Latest 5 average" is useful:

PCDBong35

Average (53 auctions) € 59
Average (latest 5) € 15

This is the only VG uploaded, but all will be uploaded tomorrow with the new feature.

I need help with "Standard Deviation". Can anybdy give an example of how to calculate this? Haven't found my old statistic book....




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[*] posted on 13-10-06 at 07:43


N=number of data values used
X=mean/average
x1, x2, x3, etc = value of each data point used

I cannot write the formula here, so I will describe it. Take each x1, x2, etc value and subtract X, then square each of these values. Once you have each value, add then together. Multiply this total by 1/N. Then take the square root of this value, this is the standard deviation.

Ex. Square root of [1/N [((x1-X)squared) + ((x2-X) squared) + ((x3-X) squared)]]

That looks ridiculous, lol...you can just use excel if you have it ;)




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[*] posted on 13-10-06 at 11:13


let's take this as an example:

Suffer Well PCD

With these entries:

7 29-06-2006 eBay # 330000920117 € 30
6 12-06-2006 eBay # 4891588248 € 18
5 04-05-2006 eBay # 4870579985 € 32
4 24-04-2006 eBay # 4865720539 € 37
3 03-04-2006 eBay # 4861770655 € 33
2 26-03-2006 eBay # 4852749433 € 51
1 26-02-2006 eBay # 7590753045 € 85


How should the Standard deviation be calculated here?

An Excel example would be very fine.

I appreciate your help!

[Edited on 13-10-2006 by worm]




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[*] posted on 13-10-06 at 11:32


Quote:
Originally posted by worm
let's take this as an example:

Suffer Well PCD

With these entries:

7 29-06-2006 eBay # 330000920117 € 30
6 12-06-2006 eBay # 4891588248 € 18
5 04-05-2006 eBay # 4870579985 € 32
4 24-04-2006 eBay # 4865720539 € 37
3 03-04-2006 eBay # 4861770655 € 33
2 26-03-2006 eBay # 4852749433 € 51
1 26-02-2006 eBay # 7590753045 € 85


How should the Standard deviation be calculated here?

An Excel example would be very fine.

I appreciate your help!

[Edited on 13-10-2006 by worm]


I would throw away 10% of highest and 10% of lowest values and
then easily build the averaged worth. Anyway, i would publish both. This average and total average.

For the example above you would throw away 18 and 85.




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[*] posted on 13-10-06 at 12:02


Lars,

Do you need working or just Excel function? Excel formula is just as follows

=STDEV(30,18,32,37,33,51,85)

equals 21.78 btw.

Some links...

wikipedia

another standard deviation example

Hope this helps

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[*] posted on 13-10-06 at 13:10


Thanks I will have a look at it later. I have now tried the idea with removing highest and lowest 10% to calc the average.

The VG for all Suffer Well is uploaded as a test, like:

Suffer Well PCD

Maybe the name should be different, but at this moment I just write the number of auctions used. Like "Average (5 auctions) € 37"




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[*] posted on 13-10-06 at 13:12


btw. the new features are only availble on items with more than 5 auctions as you can't removed the highest and lowest 10% of only 3 items.



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[*] posted on 13-10-06 at 14:58


Quote:
Originally posted by worm
btw. the new features are only availble on items with more than 5 auctions as you can't removed the highest and lowest 10% of only 3 items.


I'm no math expert, but i calculate the worth a way like this when we show the value guide.

Anyway, i think it's a wrong way. Also using the standard math scheme is wrong in my opinion.

another suggestion:

/*
30.10.06 - 30 EUR
26.10.06 - 45 EUR
15.10.06 - 40 EUR
08.10.06 - 70 EUR
01.10.06 - 75 EUR
*/

$timefactor = (((30 * 30) + (45 * 26) + (40 * 15) + (70 * 8) + (75 * 1)) / 80);
// ((value * day) + (value * day) + ...) / summary of days
$peakcleaned = (45 + 40 + 70) / 3;
// kicked out the peaks
$totalavg = (30 + 45 + 40 + 70 + 75) / 5;
// standard average of all value

$worth = ($timefactor * 4 + $peakcleaned * 2 + $totalavg) / 7;

echo $worth;
// 45.79 EUR

[Edited on 13-10-2006 by roosegfb]




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[*] posted on 13-10-06 at 15:37


Very interesting idea. There is something to think about.



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[*] posted on 13-10-06 at 20:01


Nice idea, Steffen. But what happens to a value if there is a rare item sold every now and then, its value will drop as time goes by??

So I think we should do it in a correct statistically way. And standard deviation is quite easy to calculate and to interpretate.




I don't have to collect to enjoy my collection.

looking for:
- Perfect US promo 3 track (yellow) and 5 track (red)
still looking for a lot of
- Belgian editions
- BeNeLux editions

- Devid's Depeche Mode Collection
- http://www.personaltraining-plus.be
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skovl
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[*] posted on 13-10-06 at 20:28


Quote:
Originally posted by peterdegn
Quote:
Originally posted by skovl
Then a lot of my "impulse buying" will be stopped, Peter.

I don't get that?


if I have to calculate myself, then I have the time to think twice before i hit the buttom -> no more impulse buying;)




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[*] posted on 13-10-06 at 23:39


Quote:
Originally posted by Devid
Nice idea, Steffen. But what happens to a value if there is a rare item sold every now and then, its value will drop as time goes by??
So I think we should do it in a correct statistically way. And standard deviation is quite easy to calculate and to interpretate.


Yes, thats a problem. But it's quite easy to adjust the weight of the formular.

In my opinion it's more important to know the up-to-date worth and you can't get it without the factor time.

for example:
$worth = ($timefactor * 2 + $peakcleaned * 2 + $totalavg) / 5;

or

$worth = ($timefactor + $standard_diviated) / 2;

or ...

:)

[Edited on 13-10-2006 by roosegfb]




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[*] posted on 14-10-06 at 04:44


Quote:
Originally posted by roosegfb
another suggestion:

/*
30.10.06 - 30 EUR
26.10.06 - 45 EUR
15.10.06 - 40 EUR
08.10.06 - 70 EUR
01.10.06 - 75 EUR
*/

$timefactor = (((30 * 30) + (45 * 26) + (40 * 15) + (70 * 8) + (75 * 1)) / 80);
// ((value * day) + (value * day) + ...) / summary of days


How will you calculate an older item in this formular? Like:

20.09.06 - 90 EUR




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[*] posted on 14-10-06 at 06:30


Quote:
Originally posted by worm
Quote:
Originally posted by roosegfb
another suggestion:

/*
30.10.06 - 30 EUR
26.10.06 - 45 EUR
15.10.06 - 40 EUR
08.10.06 - 70 EUR
01.10.06 - 75 EUR
*/

$timefactor = (((30 * 30) + (45 * 26) + (40 * 15) + (70 * 8) + (75 * 1)) / 80);
// ((value * day) + (value * day) + ...) / summary of days


How will you calculate an older item in this formular? Like:

20.09.06 - 90 EUR


/*
30.10.06 - 30 EUR day 41
26.10.06 - 45 EUR day 37
15.10.06 - 40 EUR day 26
08.10.06 - 70 EUR day 19
01.10.06 - 75 EUR day 11
20.09.06 - 90 EUR day 1
*/




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[*] posted on 14-10-06 at 06:43


if you use php:

$days_between = round((strtotime('2006-10-30') - strtotime('2006-09-20')) / (60*60*24)) + 1;
$days_between = round((strtotime('2006-10-30') - strtotime('2006-10-01')) / (60*60*24)) + 1;
$days_between = round((strtotime('2006-10-30') - strtotime('2006-10-08')) / (60*60*24)) + 1;
...




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[*] posted on 14-10-06 at 07:19


PS for standard deviation you can ask your admin (sorry, forgot his name) for doing this:

# pecl install stats

and adding the following line to the php.ini
extension=stats.so

after it you can use:

$a=array(30,45,40,70,75,90);
$dev=stats_standard_deviation($a);
echo $dev;

for getting a standard deviation value
like here: http://invsee.asu.edu/srinivas/stdev.html




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