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    Pros and cons of standard deviational ellipse

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    Generally, what are the strengths and weaknesses of using a standard deviational ellipse for comparing concentrations and overlaps of businesses?

    © BrainMass Inc. brainmass.com October 9, 2019, 6:58 pm ad1c9bdddf
    https://brainmass.com/economics/macroeconomics/pros-cons-standard-deviational-ellipse-103663

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    Standard distance deviation is a good single measure of the dispersion of businesses around the mean center, but it does not capture any directional bias. In other words it doesn't necessarily tell us whether the population is skewed in one direction vs. another ...

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    Pros and cons of standard deviational ellipse for comparing concentrations and overlaps of businesses.

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