Kendall's Tau Test

KENDALLSTAUTEST(Range1,Range2,alpha,NewTableFlag)

• $Range1$ is the array of x values.
• $Range2$ is the array of x values.
• $alpha$ is the value from 0 to 1.
• $NewTableFlag$ is either TRUE or FALSE. TRUE for getting results in a new cube. FALSE will display results in the same cube.

Description

• It is a statistic test used to measure the ordinal association between two measured quantities.
• It is a measure of rank correlation: the similarity of the orderings of the data when ranked by each of the quantities.
• Kendall correlation between two variables will be high when observations have a similar rank.
• It will be low when observations have a dissimilar rank between the two variables.