Index of Qualitative Variation (IQV) Calculator
Calculate the diversity of categorical data with the Index of Qualitative Variation (IQV) Calculator. Measure variations and make insightful comparisons. Try now!
Result
IQV
0
More Calculators: Compounding Interest Calculator, Relative Standard Deviation (RSD), Simple Moving Average Calculator, FIRE Calculator, Inflation Calculator
IQV Formula
The Index of Qualitative Variation (IQV) is calculated using the following formula:
IQV = [K * (1002  SUM(Pct^2))] / (1002 * (K  1))
Where:
K
represents the number of categories or groups.SUM(Pct^2)
is the sum of squared percentages for each category.
The IQV formula helps quantify the variation or diversity among categorical data, allowing for insightful comparisons and analysis.
More Articles

Struggling to Save? Try These 10 MoneySaving Hacks

13 Best Financial and Investment Calculators

Mastering the Art of Frugal Living: A Comprehensive Guide to Smart Shopping

A Comprehensive Collection of Investing and Financial Books

The Ultimate List of Investing Podcasts

Strategic Investing: Why You Should Look Beyond the Stock Market Celebrities

The Harsh Truth About Dividend Investing

Where to Buy Domains: Finding the Best Deals

The AI Gold Rush: Navigating the Thin Line Between Innovation and Overvaluation in Business

Sweet Dreams: 7 Smart Sleep Investments for a Restful Night.