Spearman’s ranking method
by Rank Correlation Sometimes there doesn’t exist a marked linear relationship between two random variables but …
Tag: Advanced Accounting Notes
Scatter diagram Method
The Scatter Diagram Method is the simplest method to study the correlation between two variables wherein the …
Measures of Correlation
The Correlation is a statistical tool used to measure the relationship between two or more variables, i.e. …
Types of Correlation
Correlation can be defined as a statistical tool that defines the relationship between two variables. …
Measures of Skewness and Kurtosis
Measures of Skewness Mathematical measures of skewness can be calculated by : (a) Bowley’s Method …
Range and co-efficient of Range
The Range of a distribution gives a measure of the width (or the spread) of …
Kurtosis
Kurtosis is a statistical measure that defines how heavily the tails of a distribution differ …
Geometric Mean Properties, Applications and Limitations
A geometric mean is a mean or average which shows the central tendency of a …
Harmonic Mean Characteristics, Applications and Limitations
A simple way to define a harmonic mean is to call it the reciprocal of …
Arithmetic Mean
The arithmetic mean,’ mean or average is calculated by summing all the individual observations or …