What is an example of an IQV?
An example of an Index of Qualitative Variation (IQV) is a statistical measure used to evaluate the dispersion or diversity of nominal categorical variables, such as racial groups, religious affiliations, or ice cream flavor preferences within a population. The IQV calculation yields a standardized value between 0.0 and 1.0, where 0 indicates complete homogeneity (every case falls into a single category) and 1.0 indicates maximum possible diversity (cases are distributed evenly across all available categories). Alternatively, in corporate equity markets, IQV serves as the official stock ticker symbol for IQVIA Holdings Inc., a global health data science and clinical research enterprise.
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IQVIA Holdings Inc.
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