Correlation coefficients enable to you find relationships between a wide variety of data. However, the sheer number of options can be overwhelming. This picture sums up the differences between five of the most popular correlation coefficients.
Further reading:
Gamma & Coefficient & Yule’s Q
Kendall’s Tau
Pearson Correlation
Spearman’s Rank Correlation
References:
A comparison of the Pearson and Spearman correlation methods
Nonparametrics Statistics Notes – Correlations (Spearman, Kendall t…
Kendall’s Tau and Spearman’s Rank Correlation Coefficient
Credit: Data Science Central By: Stephanie Glen
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