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  2. Level of measurement - Wikipedia

    en.wikipedia.org/wiki/Level_of_measurement

    Level of measurement or scale of measure is a classification that describes the nature of information within the values assigned to variables. [1] Psychologist Stanley Smith Stevens developed the best-known classification with four levels, or scales, of measurement: nominal , ordinal , interval , and ratio .

  3. Ordinal data - Wikipedia

    en.wikipedia.org/wiki/Ordinal_data

    Ordinal data is a categorical, statistical data type where the variables have natural, ordered categories and the distances between the categories are not known. [1]: 2 These data exist on an ordinal scale, one of four levels of measurement described by S. S. Stevens in 1946.

  4. Scale (social sciences) - Wikipedia

    en.wikipedia.org/wiki/Scale_(social_sciences)

    The Guttman scale is related to Rasch measurement; specifically, Rasch models bring the Guttman approach within a probabilistic framework. Constant sum scale – a respondent is given a constant sum of money, script, credits, or points and asked to allocate these to various items (example : If one had 100 Yen to spend on food products, how much ...

  5. List of statistical tests - Wikipedia

    en.wikipedia.org/wiki/List_of_statistical_tests

    Scaling of data: One of the properties of the tests is the scale of the data, which can be interval-based, ordinal or nominal. [3] Nominal scale is also known as categorical. [6] Interval scale is also known as numerical. [6] When categorical data has only two possibilities, it is called binary or dichotomous. [1]

  6. Statistical data type - Wikipedia

    en.wikipedia.org/wiki/Statistical_data_type

    Various attempts have been made to produce a taxonomy of levels of measurement. The psychophysicist Stanley Smith Stevens defined nominal, ordinal, interval, and ratio scales. Nominal measurements do not have meaningful rank order among values, and permit any one-to-one transformation.

  7. Guttman scale - Wikipedia

    en.wikipedia.org/wiki/Guttman_scale

    In the analysis of multivariate observations designed to assess subjects with respect to an attribute, a Guttman scale (named after Louis Guttman) is a single (unidimensional) ordinal scale for the assessment of the attribute, from which the original observations may be reproduced. The discovery of a Guttman scale in data depends on their ...

  8. 7 of the most famous American investors - AOL

    www.aol.com/finance/7-most-famous-american...

    For example, he might suggest that you’re more likely to be happy by setting your expectations low or that you’ll sabotage yourself if you are envious of others and pity yourself.

  9. Ranking (statistics) - Wikipedia

    en.wikipedia.org/wiki/Ranking_(statistics)

    In statistics, ranking is the data transformation in which numerical or ordinal values are replaced by their rank when the data are sorted.. For example, if the numerical data 3.4, 5.1, 2.6, 7.3 are observed, the ranks of these data items would be 2, 3, 1 and 4 respectively.