What does rank-difference correlation coefficient mean?
Definitions for rank-difference correlation coefficient
rank-dif·fer·ence cor·re·la·tion co·ef·fi·cient
This dictionary definitions page includes all the possible meanings, example usage and translations of the word rank-difference correlation coefficient.
Princeton's WordNet
rank-order correlation coefficient, rank-order correlation, rank-difference correlation coefficient, rank-difference correlationnoun
the most commonly used method of computing a correlation coefficient between the ranks of scores on two variables
ChatGPT
rank-difference correlation coefficient
The rank-difference correlation coefficient, also known as the Spearman's rank correlation or Spearman's rho, is a measure of statistical dependence between the rankings of two variables. It assesses how well the relationship between two variables can be described using a monotonic function. In simpler terms, it depicts the strength and direction of the association between two ranked variables. A positive coefficient indicates an increasing relationship while a negative coefficient suggests a decreasing relationship. A rank-difference correlation coefficient of zero suggests no relation at all.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of rank-difference correlation coefficient in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of rank-difference correlation coefficient in Pythagorean Numerology is: 2
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"rank-difference correlation coefficient." Definitions.net. STANDS4 LLC, 2024. Web. 7 Sep. 2024. <https://www.definitions.net/definition/rank-difference+correlation+coefficient>.
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