Knowing the level of measurement of a variable is crucial when working out how to analyze the variable. Failing to correctly match the statistical method to a variable’s level of measurement leads either to nonsense or to misleading results.
You comment on them in your reports. You even (kinda) understand them. Or, maybe, not quite?
Please join Elaine Eisenbeisz as she presents an overview of the how and why of various ratios we use often in statistical practice.
by Audrey Schnell
Odds Ratios and Relative Risks are often confused despite being unique concepts. Why?
Well, both measure association between a binary outcome variable and a continuous or binary predictor variable. [Read more…] about The Difference Between Relative Risk and Odds Ratios