A statistical model used to determine whether there are any statistically significant differences between the means of three or more independent groups.
Variance analysis in standard costing and budgetary control examining sub-variances to understand the causes of differences between budgeted and actual figures in financial performance.
ANOVA, which stands for Analysis of Variance, is a statistical technique used to compare the means of three or more samples to determine if at least one sample means significantly differs from the others. It is widely used in various fields such as business, medicine, and social sciences to test hypotheses on data sets.
