Deviation Index Calculator calculator can be used to measure the relative variability of a dataset by comparing the standard deviation to the mean.
Learn how to use the Deviation Index Calculator calculator and its working principles
The Deviation Index (DI) is a measure of relative variability. It is calculated by dividing the standard deviation by the mean. A higher DI indicates greater variability in the dataset relative to its mean.
The Deviation Index is useful in various fields such as finance, economics, and quality control to understand the spread of data relative to its average value. It is particularly useful when comparing datasets with different units or scales.