State the merits of Spearman's Rank Correlation. - Vidyadip

Question

State the merits of Spearman's Rank Correlation.

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Answer

The merits of rank correlation method are:

It is simple to calculate and easy to understand.
This method is very useful when the data is of qualitative nature.
When ranks are given instead of actual data, this is the only method for finding out the degree of correlation.

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