Spearman’s Rank Correlation Coefficient (when Ranks are given)
🚩Timestamps:-
00:05 Session Agenda
00:32 Spearman’s Rank Correlation Coefficient
05:14 three different situations
05:47 Practical Problem: when Ranks are given
08:58 Interpretation
10:42 Concluding Remarks
Learning Outcomes:-
Through this module, you will gain understanding
on:-
1.
SPEARMAN'S
RANK CORRELATION COEFFICIENT
2.
Practical
Problem: (When Ranks are given)
SPEARMAN'S RANK CORRELATION COEFFICIENT
·
In 1904, Charles
Edward Spearman developed a formula to calculate coefficient of correlation of
qualitative variables.
·
It is popularly
known as Spearman's Rank Difference Formula or Method.
·
There are some
variables whose quantitative measurement is not possible. These variables are
known as qualitative variables (or more precisely 'attributes') such as beauty,
bravery, wisdom, ability, virtue, etc. The attributes cannot be expressed in
numbers or quantitative terms. Their relative merit can be determined on the
basis of their order of preference or ranking. For instance, in a fancy dress
competition two judges may rank the participants in order of preference.
Similarly, the selection committee may prepare a list of successful candidates
in order of preference. We experience many such examples in our day-to-day
life. It is in such situations that we use Spearman's Rank Difference Method.
We shall study the
calculation of rank correlation in three different situations:
(i) When Ranks are given;
(ii) When Ranks are not given;
(iii) When the values of the series are the same.
VIDEO DESCRIPTION (max 5,000 characters)
Spearman’s Rank Correlation Coefficient, three different situations, Practical Problem: when Ranks are given, Interpretation | Correlation | 11th Commerce | by @statomics11comm
🗣️ आपके लिए, इस Session की "tuition fee" है केवल: 👉 video को like 👍 & SHARE 🚀 करना, अपने feedback को Comment 📝 करें; और सबसे ज़रूरी बात, Channel को SUBSCRIBE करके notification bell 🛎 icon को भी press करना ना भूलें ~XOXO
📚 CHAPTER PLAYLIST ►
Ch 12 - Correlation
https://www.youtube.com/playlist?list=PL0BlcnHQsq5I2xIMrY6GSztZY-9axxQmp
Drop a comment 👇 if this video was useful 😍 If you like my work, please Like and Share🤍
- - - - - - - - - -
👉 SUBSCRIBE🔔 to the Channel here:
https://www.youtube.com/channel/UCwRkwAVFBOvj7pQ605aVpIw
----------------------------------------------------------------------------------
👋 CONNECT WITH me ►
📸 IG/@imggnlive
https://www.instagram.com/imggnlive/
📌 Email: amggndeep@gmail.com
~ आपके GGN Sir 😇
#statomics11comm #ggndeep8_ #imggnlive
sknahT for visiting my channel!
YOUR QUERIES ⁉️ -
Spearman's Rank correlation Method|Correlation Business Statistics
Spearman's Rank Correlation Coefficient - Correlation | Class 11 Economics - Statistics
Rank Correlation | Rank Correlation Coefficient | Spearman Rank Correlation
Spearman's Rank Correlation Coefficient - Problem 1 - Engineering Mathematics 3
How to calculate correlation using rank method|Correlation|Business statistics|BBA|BCOM
- - - x - - -
TAGS (csv)
----------------------------------------------------------------------------------
🏷️ TAGS ►
Spearman’s Rank Correlation Coefficient
,Correlation
,commerce,
business, trade, class 11, 11 class, 11th, CBSE, hindi, English,
statomics11comm, class 11th, statistics, economics, statistics for economics,
11th Commerce CBSE, 11th Commerce, CBSE
Comments
Post a Comment
Your feedback is incredibly valuable to our team as we continuously strive to improve our platform and provide the best experience possible for our users. We also appreciate your constructive criticism and look forward to implementing improvements based on your suggestions.