An ordinal variable is a number that shows the position of an object within a series of objects with the use of a suffix, for example, "1st" or "453rd." When preparing a worksheet in Excel for your ...

A categorical variable is defined as one that can assume only a limited number of values. For example, a person's sex is a categorical variable that can assume one of two values. Variables with levels ...

In this paper we propose a novel approach for measuring risks when the data available is expressed on an ordinal scale. As a result we obtain a new index of risk bounded between 0 and 1, which leads ...

Although the methodology for handling ordinal and dichotomous observed variables in structural equation models (SEMs) is developing rapidly, several important issues are unresolved. One of these is ...

Ordinal regression and classification methods form a vital branch of statistical learning wherein the outcome variable possesses an inherent order. Unlike conventional classification problems, where ...