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Ordinal level of Measurement for define the categories such as costly, less profitable, more difficult etc
What is Ordinal level ?
The second of the four measurement scales is ordinal level measurement. "Ordinal" means "in order." Ordinal data is quantitative data that has naturally occurring orders with no discernible distinction. It can be named, categorized, and ranked.
The ordinal scale is a statistical data type in which variables are ordered or ranked but there is no degree of difference between groups. The ordinal scale incorporates qualitative data; the term "ordinal" means "order." It ranks variables and only allows you to quantify their value as higher or lower on a scale.
Cases in the same class are regarded as equal. Movie ratings, political allegiance, military rank, and other variables that use ordinal scales are examples.
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