Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2007
Nominal data currently lack a correlation coefficient, such as has already defined for real data. A measure is possible … association matrix. If that matrix is also positive semi-definite (PSD) then it is a proper correlation matrix. The overall … correlation then is R = f[R] where f can be chosen to impose PSD-ness. An option is to use f[R] = Sqrt[1 - det[R]]. However, for …