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Introduction to Coefficient of Variation or Relative Standard Deviation
You might have studied the concept of standard deviation and mean and the ratio of both of these terms is known as the coefficient of variation. It is also known as RSD (relative standard deviation). These terms are used for calculating frequency and probability distribution. The real value of the coefficient of variation is measured in percentage is a very useful metric for the comparison of two data series. The value of the ratio of standard deviation is sometimes also calculated as the root mean squared error. This coefficient is useful for making various types of comparisons and is used by investors or financial analysts to compare the returns from various options and find the most profitable investment vehicle.
All this talk about the difficult statistic concepts might seem difficult but aslong as you use our statistics assignment help service our online tutors will explain everything to you in detail. This concept is also used for exponential distribution and in actuarial since and is termed as a unitized risk. Our academic writers have a very good command on this topic and here are a few topics which are related to this subject and are used for assignment writing.
- Applied probability fields
- Renewal theory
- Fano factor
- Queueing theory
- Standardized moment
- Reliability theory
- Normal distribution.
- Degree of homogeneity
- Variance-to-mean ratio or relative variance
- Relative Standard Error
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