What is coefficient of variation? How is it useful?

Rahul S
2 min readMay 13, 2023

The coefficient of variation (CV) is a statistical measure that represents the relative variability or dispersion of a dataset. It is calculated as the ratio of the standard deviation (SD) to the mean of the dataset, expressed as a percentage. The formula for CV is:

CV = (SD / Mean) * 100

--

--