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CoV is a simple calculation to measure the variation in your process. Let’s see how to do the calculation, explore an industry application, and answer a few questions about CoV. Overview: What ...
This is where we need to introduce the coefficient of variation (COV). COV is a relative measure of volatility that lets us compare two data sets on an apples-to-apples basis.
Why the coefficient of variation is often a better measure of dispersion and risk than standard deviation.
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