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#reading-8-statistical-concepts-and-market-returns
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[...] measurement represents the weakest level of measurement.
Answer
Nominal

Tags
#reading-8-statistical-concepts-and-market-returns
Question
[...] measurement represents the weakest level of measurement.
Answer
?

Tags
#reading-8-statistical-concepts-and-market-returns
Question
[...] measurement represents the weakest level of measurement.
Answer
Nominal
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Subject 2. Measurement Scales
systematic fashion. To choose the appropriate statistical methods for summarizing and analyzing data, we need to distinguish between different measurement scales or levels of measurement. Nominal Scale <span>Nominal measurement represents the weakest level of measurement. It consists of assigning items to groups or categories. No quantitative information is conveyed and no ordering (ranking) of the items is implied. Nominal scales are qualitative rather

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