Define Spearman's Rank Correlation Coefficient?
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In statistics, Spearman's rank correlation coefficient or Spearman's ρ, named after Charles Spearman and often denoted by the Greek letter or as, is a nonparametric measure of rank correlation. It assesses how well the relationship between two variables can be described using a monotonic function
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Definition: 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
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