what is deviation?mention one merit of it?
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Merits and Demerits of Mean Deviation in Business Cycle. Article Shared by. ADVERTISEMENTS: Mean deviation is a measure that removes several shortcomings of other measures i.e. it does not ignore extreme terms or values which play a significant role in average or Mean
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deviation is a measure that removes several shortcomings of other measures i.e. it does not ignore extreme terms or values which play a significant role in average or Mean.
Merits - It is simple to understand. It is easy to calculate. It is based on all the observations of a series. It is not very much affected by the values of extreme items of a series.
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