Naz GullDec 27, 2021 · 3 years ago3 answers Can the coefficient of variation be used to predict future price movements in the cryptocurrency market?
Can the coefficient of variation, a statistical measure of dispersion, be effectively utilized to forecast future price movements in the volatile cryptocurrency market? How does the coefficient of variation relate to price fluctuations, and can it provide valuable insights for cryptocurrency traders and investors? Is there any empirical evidence or research supporting the use of the coefficient of variation as a predictive tool in the cryptocurrency market? What are the limitations and potential drawbacks of relying on the coefficient of variation for price prediction in the cryptocurrency market?