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Rank Correlation Coefficient
Also identified as the spearman rank correlation coefficient, its reasons is to establish whether there is any form of association among two variables where the variables arranged in a ranked form.
R = 1 - {(6∑d2)/(n(n2 -1))}
Whereas d = difference among the pairs of ranked values.
n = numbers of pairs of rankings.
In this case, the first point we have to remember is that we do not get a single value when we add two or more terms which are unlike in nature. This certainly ob
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