Uses of Coefficient of Variation

Uses of Coefficient of Variation:

  • Coefficient of variation is used to know the consistency of the data. By consistency we mean the uniformity in the values of the data/distribution from arithmetic mean of the data/distribution. A distribution with smaller C.V than the other is taken as more consistent than the other.
  • C.V is also very useful when comparing two or more sets of data that are measured in different units of measurement.