Why we need variance in this world?
What is the purpose to make such function and how does it work?
I know that it is a measure of how the data spread, but why we don't just use the absolute variation to solve this problem?
Why we need variance in this world?
What is the purpose to make such function and how does it work?
I know that it is a measure of how the data spread, but why we don't just use the absolute variation to solve this problem?
Or: Why do we need watermelons if we have rib eye steaks?
They are different things. There are many measures of dispersion which provide information about different features of a distribution.
A single number hardly summarises all the information about the shape of a distribution.