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Weighted Average Tool

Version:
Current
Last modified: May 19, 2020

Use Weighted Average to calculate the weighted average of an incoming data field. A weighted average is similar to a common average, but instead of all records contributing equally to the average, the idea of weight means some records contribute more than others.

Configure the Tool

  1. Value Field (Numeric): Use the dropdown to select the numeric field that contains the data to return the Weighted Average on.
  2. Weight Field (Numeric): Use the dropdown list to select the numeric field that contains the weight to calculate the weighted average of. When all records have the same weight the returned value is a common average.
  3. Output Field Name: Enter the desired output field name for the calculated Weighted Average.
  4. Grouping Fields (Optional): This is an optional setting. You can elect to specify a grouping field and the weighted average will be calculated for each group of values in the data stream.
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