Abbreviation for covariance in statistics, or short for Coventry in British English.
Statistical abbreviation from 'covariance', from 'co-' (together) + 'variance'. In British usage, colloquial shortening of Coventry, a city in England famous for its cathedral and automotive industry.
In statistics, COV captures one of the most important relationships in data - how two variables dance together, whether they move in harmony or opposition. It's the mathematical way of measuring whether two things in life tend to rise and fall together, like ice cream sales and temperature, or inversely, like umbrella sales and sunshine.
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