variance

Definition 1
A measure of the average distance between each of a set of data points and their mean value; equal to the sum of the squares of the deviation from the mean value.

Definition 2
In accounting, the difference between the actual cost and the standard cost for direct material, labor and overhead.




variance is ...
... part of the
Technical Analysis subject.


Related Terms

covariance -
Treynor Index -  More
Sortino ratio -  More
portfolio variance


variance appears in the definitions of these other terms on BusinessDictionary.com

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