Hello, good morning. Our study is about ranking 30 blue chip stocks in the PSE. We want to know the validity of a ranking method called TOPSIS based on the ranking used by the Philippine Stock Exchange which is the VWAP method. I just want to ask if I can use Kendall tau b to know if the ranking given by the TOPSIS method is valid, based on the ranking given by the VWAP method? Because there are ties in the ranking between the two methods. Thank you! I hope you can help me with this.
Hello, please take a look at this research.
These statistical coefficients are used for determining the conformity or reliability of experts' evaluations, and the Kendall coefficient with a value greater than or equal to 0.7 was considered as the stopping index for the procedure of the Delphi method.
Article A roadmap for a leanness company to emerge as a true lean organization
You may follow the following study to get some reflections on the uses and criticisms of Kendall's tau:
Lapata, M. (2006). Automatic evaluation of information ordering: Kendall's tau. Computational Linguistics, 32(4), 471-484.
- Badges
- Science method
- Similar topics
- Biological Science
- Ecology