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 the arithmetic mean of the data/distribution. A distribution with a 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.