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Marketplace Price Checking Statistics Show Median Price, Very Easy To Implement

Discussion in 'General Suggestions' started by Tfarcnnyw, Aug 13, 2020.

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What statistics would you like to see in the marketplace to help price check

Poll closed Aug 20, 2020.
  1. Just the 2w average

    3 vote(s)
    27.3%
  2. 2w median

    6 vote(s)
    54.5%
  3. Volume and supply

    4 vote(s)
    36.4%
  4. A list of items sold in the last 2 weeks

    3 vote(s)
    27.3%
  5. Fancy stuff like Standard deviation and Geometric Mean

    2 vote(s)
    18.2%
Multiple votes are allowed.
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  1. Tfarcnnyw

    Tfarcnnyw Skirl CHAMPION

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    Minecraft:
    I have noticed that the average 2w price is very inaccurate for what actually sells.
    One ridiculous sale of a 100% ID item can largely skew the 2w average.

    It would be better if the price checker showed the 2w median in addition to the 2w average. The median is generally a more reliable measure of center, as outliers are not given increased weight.

    Other easy to implement metrics that would be nice are volume which is the quantity of an item that has sold in the last 2 weeks, and supply which is the number of an item currently on the market.

    This would help gauge if there is a demand for an item.

    Onto something that would be even better, but might be a bit harder to implement

    Give an option in the search to view sold items in the past 2 weeks rather than available items.
    When price checking an item with very bad IDs or very good IDs, it would be nice to be able to look through what prices similar quality items have sold for.
    ________________________________
    Treating Identified and unidentified versions of an item as different items for price stats would also be nice.
     
    Last edited: Aug 13, 2020
    Kiocifer likes this.
  2. Selvut283

    Selvut283 Circadian rhythm stuck on Tokyo time ♪ Music GM

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    Creator Karma:
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    Minecraft:
    This does seem like it would be a good idea, but the "very easy to implement" thing is anything but, I can assure you with like 98% certainty. The market is a supremely complex beast of coding, from what I've been informed about it- changes are very difficult to do. I think it would be worth the effort, but it would be a lot of effort to do.
     
  3. btdmaster

    btdmaster Famous Adventurer VIP+ Item Team

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    Minecraft:
    They are treated separately, actually. On the book with the 2week average, the section marked "exchange" is the unidentified item's market info, while "marketplace" is the actual identified item's market info.
    ________________________________
    Also, I'm assuming this is for non identified item's and things like ingredients, etc? Because you can already look at the amounts of ided items on the market. Also there is still the lowest seller thing, that displays quantity as well but I guess you want to see all the items sold at all prices?
     
    Last edited: Aug 15, 2020
  4. Tfarcnnyw

    Tfarcnnyw Skirl CHAMPION

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    The volume sold in 2 weeks part is more important than the current supply, but it would be nice if both were in the same place on the price check book.
     
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