How can I use Excel to determine the coefficient of variation for trading volumes of various digital currencies?

1 answers

• Dec 16, 2021 · 3 years ago
  Hey there! If you're looking to determine the coefficient of variation for trading volumes of various digital currencies using Excel, here's how you can do it: 1. Start by organizing the trading volume data for each digital currency in separate columns. 2. Calculate the mean (average) of the trading volumes using the AVERAGE function. 3. Calculate the standard deviation of the trading volumes using the STDEV function. 4. Divide the standard deviation by the mean and multiply by 100 to get the coefficient of variation. This method in Excel allows you to assess the relative variability of trading volumes among different digital currencies. Give it a try! 😊
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