If the value of coefficient of vanation is more, the consistency of the data is
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Data Consistency
The coefficient of variation measures how consistent the different values of the set are from the mean of the data set. The smaller the CV, the higher is the consistency.Nov
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If the value of the coefficient of variation is more, the consistency of the data is less.
Detailed answer
This is used to measure the consistency of variation inside a system.
- The coefficient of variation is the measure of relative variability.
- It is highly useful when comparing two sets of surveys that have different values.
- Equation -
- It is the statistical measure of data points in a data series.
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