Risk Management - Preventing Reversion: WOW Measures Continued
WOW From Higher Highs, Lower Lows
The pattern is characterised by an rising/lowering trend with relatively stable variability. Sometimes, the pattern forms a wedge when variability in the data reduces over time.
Wow From the Average Getting Higher and Variability Reducing
Another version of reduced variability is to lift the lowest performing data points resulting in the overall average rising, e.g. We want total sales to reducing in variability so that we a reliably profitable every month.
