MLchartDataset catalogue

Coefficent of variation for number of establishments (%)

Term · Economic statistics · MLC-T-ECS-000302

The coefficient of variation (CV) is a measure of an estimate's variability that expresses the standard error as a percentage of the estimate to which it refers. For example, an estimate of $200 that has an estimated standard error of $10 has an estimated CV of 10/200 = 0.05 or 5 percent when expressed as a percentage. The CV may also be referred to as a relative standard error (RSE). For additional information on measures of variability, see the technical documentation.

Table 1. Record
IdentifierMLC-T-ECS-000302
FieldEconomic statistics
ReferencesU.S. Census Bureau Glossary
Record as JSON
{
  "id": "MLC-T-ECS-000302",
  "term": "Coefficent of variation for number of establishments (%)",
  "field": "Economic statistics",
  "definition": "The coefficient of variation (CV) is a measure of an estimate's variability that expresses the standard error as a percentage of the estimate to which it refers. For example, an estimate of $200 that has an estimated standard error of $10 has an estimated CV of 10/200 = 0.05 or 5 percent when expressed as a percentage. The CV may also be referred to as a relative standard error (RSE). For additional information on measures of variability, see the technical documentation.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/coefficent-of-variation-for-number-of-establishments-percent/"
}

Record 302 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.