Observations distinguished by relative amounts, such as ranks. For example, one can evaluate competitive products on an ordinal scale from best to worst by using a letter-grade system. See also Interval Scale; Nominal Scale; Ratio Scale.
Ordinal scale
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An ordinal scale defines a total preorder of objects; the scale values themselves have a total order; names may be used like "bad", "medium", "good"; if numbers are used they are only relevant up to strictly monotonically increasing transformations (order isomorphism).
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 | Interval Scale (business term) |
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Mentioned in
- Interval Scale (business term)
- variable
- Nominal Scale (business term)
- Ratio Scale (business term)
