The use of rank correlation method in analysing of small business development

Juliya Olvinskaya
PhD in Economics, Associate Professor, Department of Statistics, Odessa National Economics University, E-mail:y_olvinskaya@ukr.net

Elena Samotoenkova
PhD in Economics, Associate Professor, Department of Statistics, Odessa National Economics University, E-mail:samotoenkova@mail.ru

Cite this article:

Olvinskaya, Ju., Samotoenkova, E. (2015), The use of rank correlation method in analysing of small business development. Ed.: M. Zveryakov (ed.-in-ch.) and others [Vykorystannia metodu ranhovoi koreliatsii pry analizi rozvytku maloho pidpryemnytstva; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 3, No. 58, pp. 160–169.

Abstract

The expediency of the use of rank correlation method in the studying of small business development is grounded in the article. The specifics of the advantages and opportunities of rank correlation method in the study of the socio-economic processes and phenomena is analyzed. The methodology for calculating the rank correlation coefficient is presented. Construction of small businesses simulation rank models is proposed. An algorithm for calculating the multiple rank correlation coefficient and simulation rank models construction is developed. A list of possible users of the proposed small business research methods is given.

Keywords

small business; rank correlation method; simulation model ranking.

JEL classification: С100

UD classification: 658.114.2:311.6

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