An analyst is grouping hedge funds by the kind of investment strategy that they pursue. This data is best classified as A interval scale B nominal scale c ordinal scale d ratio scale
Ordinal scale. Long/Short, Market Neutral, etc. etc.
nope,. try again.
it’s nominal it doesn’t say anything about the relationships
Nominal… its the least informative scale measure… since the data has no order… Long/Short market Neutral Positive Alpha etc etc… with scales, just remember a good glass of Pinot NOIR Nominal Ordinal Interval Ratio (in that order)
nominal. e.g. you could have groups of strategy 1, 2, 3, but the numbers wouldn’t mean anything in terms of qualitative information.
slave Wrote: ------------------------------------------------------- > it’s nominal it doesn’t say anything about the > relationships yeah, you are so on the money Blue. I thought ordinal also…