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

  1. 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

  1. 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.

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Numerology

  1. Chaldean Numerology

    The numerical value of rank-difference correlation coefficient in Chaldean Numerology is: 2

  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. 21 Apr. 2024. <https://www.definitions.net/definition/rank-difference+correlation+coefficient>.

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