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CV = x 100 = x 100
• It is often expressed in Percentage.
• It is insignificant when the MEAN VALUE is close to ZERO.
WHY CV??
CV α Variation α
Mean CV
RAJU 37.5 89.03
MANJU 43.1 82.71
50
40
30
20
10
0
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
Where Do we use CV??
Application
To analyse Stocks Volatility in Stock Markets