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LCC Europe Online Supplement statistics and data analysisAnalysis
of Variance
Shaun Burke, RIM Technology Ltd, High Wycombe, Buckingham shire, UK. Statistical methods can be powerful tools for unlocking
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What is of variance?
Variance is the difference between planned or budgeted amounts and actual results.
Who is required to file of variance?
Any individual or organization that needs to report discrepancies between planned and actual figures.
How to fill out of variance?
To fill out a variance report, one must compare planned figures with actual results and explain any differences.
What is the purpose of of variance?
The purpose of a variance report is to identify areas where actual results differ from planned figures and investigate the reasons behind these differences.
What information must be reported on of variance?
A variance report typically includes the planned or budgeted figures, actual results, the variance amount, and explanations for the discrepancies.
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