What are the best measures used used for data variation or dispersion
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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What are the best measures used used for data variation or dispersion
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Measures of variability:
The measure of variability or the measures of dispersion can be measured using the statistics range, inter quartile range, standard deviation and coefficient of variation.
Among these 4 measures of dispersion, coefficient of variation gives the variation in the data set relative to its mean. Hence, coefficient of variation is said to be best measure of variability.
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