Different Measures of Dispersion Assignment Help

Measures of Dispersion - Different Measures of Dispersion

Statistics >> Different Measures of Dispersion

Range: Range is widely used in statistical Quality control (S. Q. C), weather forecasting, stock market fluctuations etc.

Quartile Deviation: QD is used in elementary descriptive statistics where the distribution is open end. In case of attributes, QD is more appropriate.

Mean Deviation: MD is frequently used by the 'economic and business statisticians due to its simplicity. It is used in computing the distribution of wealth in a community.

Standard Deviation: SD is used in statistical' theory such as skewness, kurtosis, correlation and regression analysis, sampling theory and tests of significance etc. It is the most widely used measure of dispersion. 


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