Hi. do somebody know if Kendall's tau-B value of 0,06 or 0,11, 0,14, 0,20 is a fair or weak association? or how to make interpretation?
Thing is, we are writing a descriptive study, the sample size is good enough: 1400. but when looking for correlation of ordinal variables using Kendall's Tau-b, we find about 10 statistically significant positive correlations (both P and B10). Still, the magnitude of Kendall's Tau looks too small. I looked for information regarding how small is too small for a Tau, like support to a state that it has a weak, fair, or strong correlation, but didn't found some guidelines for it, only info stating that Tau magnitudes tend to be smaller than spearman's rho.
any help is more than welcome