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Ben Franklin once wrote: "Beer is proof positive that God loves us and wants us to be happy."
Spearman Rank-Order
A nonparametric measure of rank correlation that assesses how well the relationship between two variables can be described using a monotonic function.
Pearson Correlation
A measure of the linear correlation between two variables X and Y, giving a value between -1 and 1 which indicates the extent of their linear relationship.
Coefficient
A numerical or constant factor in a mathematical equation that multiplies a variable.
Spearman Rank-Order
An approach that doesn't rely on parameters to gauge the correlation of ranks, examining the extent to which a monotonic function can accurately represent the linkage between two variables.
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