Spearman's Rank Difference Correlation
Channel: Thiyagu Suriya
Date: 03/07/2020

The Spearman’s Rank Correlation Coefficient is the non-parametric statistical measure used to study the strength of association between the two ranked variables. This method is applied to the ordinal set of numbers, which can be arranged in order, i.e. one after the other so that ranks can be given to each. It assesses how well the relationship between two variables can be described using a monotonic function. This video explains the concept of Rank Difference Correlation and its computation process.