2015Socio-Economic Research BulletinOpen access

The use of rank correlation method in analysing of small business development

Juliya Olvinskaya, Elena Samotoenkova

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Abstract

The expediency of the use of rank correlation method in the studying of small business development is grounded in the article. The specifics of the advantages and opportunities of rank correlation method in the study of the socio-economic processes and phenomena is analyzed. The methodology for calculating the rank correlation coefficient is presented. Construction of small businesses simulation rank models is proposed. An algorithm for calculating the multiple rank correlation coefficient and simulation rank models construction is developed. A list of possible users of the proposed small business research methods is given.

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The expediency of the use of rank correlation method in the studying of small business development is grounded in the article. The specifics of the advantages and opportunities of rank correlation method in the study of the socio-economic processes and phenomena is analyzed. The methodology for calculating the rank correlation coefficient is presented. Construction of small businesses simulation rank models is proposed. An algorithm for calculating the multiple rank correlation coefficient and simulation rank models construction is developed. A list of possible users of the proposed small business research methods is given.

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Available abstract

The expediency of the use of rank correlation method in the studying of small business development is grounded in the article. The specifics of the advantages and opportunities of rank correlation method in the study of the socio-economic processes and phenomena is analyzed. The methodology for calculating the rank correlation coefficient is presented. Construction of small businesses simulation rank models is proposed. An algorithm for calculating the multiple rank correlation coefficient and simulation rank models construction is developed. A list of possible users of the proposed small business research methods is given.

Key concepts: Rank (graph theory), Rank correlation, Correlation, Correlation coefficient, Computer science, Industrial engineering, Statistics, Mathematics

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