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Home » Blog » Blog Type » Word of the Week » Week #15 – Rank Correlation Coefficient

Week #15 – Rank Correlation Coefficient

  • March 31, 2016
  • , 8:46 pm

Rank correlation is a method of finding the degree of association between two variables. The calculation for the rank correlation coefficient the same as that for the Pearson correlation coefficient, but is calculated using the ranks of the observations and not their numerical values. This method is useful when the data are not available in numerical form but information is sufficient to rank the data.

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