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Using coefficient of variation to measure MLB playersâ?? worth

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Offline  Using coefficient of variation to measure MLB playersâ?? worth
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Posted: August 13, 2009, 2:12 AM Post
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Posts: 1048
Location: Waukesha, WI
An interesting find in one of my trade magazines:

The coefficient of variation (CV), sometimes called the relative standard deviation, is often used to assess the quality of an assay,1 the diversity in organizations2 or as a benchmark for ranking.3 It is measured as a fraction or percentage of how much variation exists in a variable in relation to the mean, so it represents a highly useful-and easy to interpret-concept in data analysis.

http://www.asq.org/quality-progress/2009/07/statistics-roundtable/player-rankings.html


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Offline  Using coefficient of variation to measure MLB playersâ?? worth
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Posted: August 17, 2009, 11:59 AM Post
Posts: 9297
Thanks for the link. I'll have to take a look when I get the chance.


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