Following the course, in order to define assocation measures (from Kruskal (1958)) or concordance measures (from Scarsini (1984)), define a concordance function as follows: let be a random pair with copula , and with copula . Then define the so-... [Read more...]

Spearman’s Rho Rank Correlation There are generally three types of correlation that a researcher may encounter: Pearson’s r, Kendall’s Tau, and Spearman’s Rho.  They each have their own uses and applications depending on the da... [Read more...]