What is the coefficient of variation?
12/06/2022 | By: FDS
The coefficient of variation (also known as the coefficient of variance) is a measure of the dispersion of a group of values. It is calculated by dividing the standard deviation by the arithmetic mean of the group. The coefficient of variation provides a quick and easy way to measure the dispersion within a group of values. The higher the coefficient of variation, the greater the dispersion of the values.