New method detects variations in populations, revolutionizing data analysis.
The article discusses a method to test if the variability in different groups of data is similar. The researchers use a Bayesian approach with noninformative and reference priors to compare coefficients of variation in normal distributions. They find that the Bayes factor can be defined up to a constant, so they introduce the fractional Bayes factor and intrinsic Bayes factor for more accurate testing. The study includes simulations and real data to support their findings.