Question
The Pearson correlation has a value range of -1.00 and 1.00 (Lind et al., 2021). The calculation measures the strength of a correlation between 2
The Pearson correlation has a value range of -1.00 and 1.00 (Lind et al., 2021). The calculation measures the strength of a correlation between 2 variables, looking more at association (Lind et al., 2021). Spearman's correlation for ranked data allows us to describe the relationship between sets of ranked data (Lind et al., 2021). Spearman's approach is appropriate when the relationship between the variables is not linear or when one or more of the data points are quite different from the others (Lind et al., 2021). Both of these conditions are not appropriate for Pearson correlation.
References:
Lind, D. A., Marchal, W. G., & Wathen, S. A. (2021).Statistical Techniques in Business & Economics. McGraw-Hill Education.
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Please JUSTIFY the above .
The note should have intext citations. For example, anything with numbers or quotes per paragraph. The intent citation just needs to be the Author's last name and year it was published. Please also include REFERENCES. Thanks
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