What input does the coefficient of variation function require?

Prepare for the Kinaxis Certified Maestro Author Level 1 Exam with flashcards and multiple-choice questions. Each question includes hints and explanations. Enhance your skills and get ready to ace your exam!

The coefficient of variation function is designed to analyze the variability of a dataset relative to its mean. When you provide a single worksheet with data points, the function can calculate the standard deviation and mean from those points and subsequently determine the coefficient of variation. This is a single dataset that contains the necessary values for meaningful statistical analysis.

If the function required multiple worksheets with historical data, it would complicate the calculations unnecessarily, as the coefficient of variation is focused on individual datasets rather than aggregating from multiple sources. Similarly, while forecasted demand values or a configuration file could provide context or parameters for certain analyses, they are not the direct input needed to calculate the coefficient of variation, which relies on a straightforward dataset from a single source for its computations.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy