Examlex
Explain the concept of Core Inflation
Nominal Level
The simplest level of measurement that classifies data into distinct categories within which no order or ranking can be inferred.
Research Hypothesis
A statement made by researchers predicting a potential outcome or relationship between variables in a study, to be tested through empirical research.
Ordinal Level
A measurement scale that categorizes data into ordered categories that are meaningful but not mathematically equidistant.
Spearman Rank-Order
A non-parametric measure of rank correlation that assesses how well the relationship between two variables can be described using a monotonic function.
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