This article was originally published on Built In by Eric Kleppen. Variance is a powerful statistic used in data analysis and machine learning. It is one of the four main measures of variability along ...

Cost and schedule variance data are part of earned value analysis, which is a tool that small and large businesses use as an early-warning system to identify and manage problems in ongoing projects.

A stock's historical variance measures the difference between the stock's returns for different periods and its average return. A stock with a lower variance typically generates returns that are ...

Small businesses often estimate their inventory. If you operate your business on the basis of inaccurate inventory figures, however, you may experience stock outs -- running out of products when ...

Why are the variable levels and patterns of genetic variation important? Knowledge about how traits vary can reveal the evolutionary dynamics that shape populations. Once researchers have determined ...

Quick—if you had to guess, what would you think is most likely to end all life on Earth: a meteor strike, climate change or a solar flare? (Choose carefully.) A new statistical method could help ...

Stock's historical variance measures its return stability over time. Higher variance indicates greater return unpredictability and risk. Calculate variance using Excel to simplify the process for ...