IS THE SAMPLE COEFFICIENT OF VARIATION A GOOD ESTIMATOR FOR THE POPULATION COEFFICIENT OF VARIATION
Rahim Mahmoudvand, Hossein Hassani, Robert Andrew Wilson · Munich Personal RePEc Archive (Ludwig Maximilian University of Munich) · 2007
In this paper, we obtain bounds for the population coefficient of variation (CV) in Bernoulli, Discrete Uniform, Normal and Exponential distributions. We also show that the sample coefficient of variation (cv) is not an accurate estimator of the population CV in the above indicated distributions. Finally we provide some suggestions based on the Maximum Likelihood Estimation to improve the population CV estimate.