Business Decision Making
Ordinal data is a type of categorical data where the values have a clear ordering or ranking, but the differences between the values are not necessarily uniform or meaningful. This means that while you can say one value is greater than another, you cannot determine how much greater it is. Understanding ordinal data helps in making sense of survey responses, rankings, and other ordered categories in data analysis.
congrats on reading the definition of Ordinal Data. now let's actually learn it.