Quartile Deviation and Coefficient of Quartile Deviation | Quantitative Methods in Management скачать в хорошем качестве

Quartile Deviation and Coefficient of Quartile Deviation | Quantitative Methods in Management

Quartile Deviation and Coefficient of Quartile Deviation: In this topic, learners will learn about the quartile deviation (also known as semi-interquartile range) as a measure of dispersion that focuses on the central 50% of a dataset. They will learn how to calculate quartile deviation using the first (Q1) and third quartiles (Q3) and interpret its significance in reducing the influence of extreme values. The coefficient of quartile deviation will be introduced to provide a relative measure of dispersion. Practical applications, such as income distribution analysis, academic performance evaluation, and risk assessment in finance, will be discussed to illustrate the usefulness of quartile deviation in various fields.