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Uses of Mean Deviation
Mean Deviation is rarely being used as a measure of dispersion. But due to easy and simplicity in calculation. It is rather useful in business and economics. This is also used by national bureau of economic research America for studying business cycles.
Type of Measures of Dispersion a. Absolute Measure: The measure of dispersion which is expressed in terms of the units of the observations( e, g, Rupees , metre ,
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What Is operation Research
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