Some Commonly Used Measures of Relative Dispersion / Absolute Dispersion. The simplest measure of absolute dispersion is the range. ... The coefficient of standard deviation, the analogous measure of relative dispersion, is just the standard deviation divided by the arithmetic mean.
An absolute measure is one that uses numerical variations to determine the degree of error. ... Relative measures are the major alternative to absolute measures. They use statistical variations based on percentages to determine how far from reality a figure is within context.
Some Commonly Used Measures of Relative Dispersion / Absolute Dispersion. The simplest measure of absolute dispersion is the range. ... The coefficient of standard deviation, the analogous measure of relative dispersion, is just the standard deviation divided by the arithmetic mean.
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Some Commonly Used Measures of Relative Dispersion / Absolute Dispersion. The simplest measure of absolute dispersion is the range. ... The coefficient of standard deviation, the analogous measure of relative dispersion, is just the standard deviation divided by the arithmetic mean.
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Explanation:
An absolute measure is one that uses numerical variations to determine the degree of error. ... Relative measures are the major alternative to absolute measures. They use statistical variations based on percentages to determine how far from reality a figure is within context.
Some Commonly Used Measures of Relative Dispersion / Absolute Dispersion. The simplest measure of absolute dispersion is the range. ... The coefficient of standard deviation, the analogous measure of relative dispersion, is just the standard deviation divided by the arithmetic mean.