Coefficient of Variation

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Bol Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The coefficient of variation should only be computed for data measured on a ratio scale. As an example, if a group of temperatures are analyzed, the standard deviation does not depend on whether the Kelvin or Celsius scale is used. However the mean temperature of the data set would differ in each scale and thus the coefficient of variation would differ. So the coefficient of variation does not have any meaning for data on an interval scale.

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Bol

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The coefficient of variation should only be computed for data measured on a ratio scale. As an example, if a group of temperatures are analyzed, the standard deviation does not depend on whether the Kelvin or Celsius scale is used. However the mean temperature of the data set would differ in each scale and thus the coefficient of variation would differ. So the coefficient of variation does not have any meaning for data on an interval scale.

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Pagina's: 68, Paperback, Betascript Publishers


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