What is coefficient of variation - Definition and Meaning

Coefficient Of Variation :

Coefficient of variation (CV) is otherwise known as Relative Standard Deviation (RSD). It is a statistical measure to determine the dispersion of a probability distribution or frequency distribution. It represents the ratio of standard deviation to the mean, and its expressed in percentage. CV is often used in the engineering or physics while making quality assurance studies and ANOVA gauge R&R.


Formula :

Coefficient of Variation = σ / μ σ - standard deviation μ - expected return
Collinear Points Current Account

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