What is spearman rank correlation - Definition and Meaning

Spearman Rank Correlation :

The Pearson correlation coefficient between the ranked variables has been termed as the Spearman correlation coefficient. It is also referred as 'grade correlation'.

Formula :

R = 1 - ( (6 X σd2) / (n3 - n) )

Example :

spearman rank correlation example
Sum of series Standard Form

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