Question: The Coefficient of Variation is an important parameter in ascertaining demand stability and determining the inventory policy in the retail and distribution industry. The Coefficient

The Coefficient of Variation is an important

The Coefficient of Variation is an important parameter in ascertaining demand stability and determining the inventory policy in the retail and distribution industry. The Coefficient of Variation: Is another term for the standard deviation of a demand pattern Compares the degree of variation from one data series of demand to another Is derived by adding the standard deviations of multiple demand distributions Normalizes the demand variation to a standard of 1.0

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