IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0252323.html
   My bibliography  Save this article

Improved procedures and computer programs for equivalence assessment of correlation coefficients

Author

Listed:
  • Gwowen Shieh

Abstract

The correlation coefficient is the most commonly used measure for summarizing the magnitude and direction of linear relationship between two response variables. Considerable literature has been devoted to the inference procedures for significance tests and confidence intervals of correlations. However, the essential problem of evaluating correlation equivalence has not been adequately examined. For the purpose of expanding the usefulness of correlational techniques, this article focuses on the Pearson product-moment correlation coefficient and the Fisher’s z transformation for developing equivalence procedures of correlation coefficients. Equivalence tests are proposed to assess whether a correlation coefficient is within a designated reference range for declaring equivalence decisions. The important aspects of Type I error rate, power calculation, and sample size determination are also considered. Special emphasis is given to clarify the nature and deficiency of the two one-sided tests for detecting a lack of association. The findings demonstrate the inappropriateness of existing methods for equivalence appraisal and validate the suggested techniques as reliable and primary tools in correlation analysis.

Suggested Citation

  • Gwowen Shieh, 2021. "Improved procedures and computer programs for equivalence assessment of correlation coefficients," PLOS ONE, Public Library of Science, vol. 16(5), pages 1-17, May.
  • Handle: RePEc:plo:pone00:0252323
    DOI: 10.1371/journal.pone.0252323
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0252323
    Download Restriction: no

    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0252323&type=printable
    Download Restriction: no

    File URL: https://libkey.io/10.1371/journal.pone.0252323?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gwowen Shieh, 2016. "Exact Power and Sample Size Calculations for the Two One-Sided Tests of Equivalence," PLOS ONE, Public Library of Science, vol. 11(9), pages 1-9, September.
    2. Charles Bond & Ken Richardson, 2004. "Seeing the FisherZ-transformation," Psychometrika, Springer;The Psychometric Society, vol. 69(2), pages 291-303, June.
    3. Stegner, Bruce L. & Bostrom, Alan G. & Greenfield, Thomas K., 1996. "Equivalence testing for use in psychosocial and services research: An introduction with examples," Evaluation and Program Planning, Elsevier, vol. 19(3), pages 193-198, August.
    4. Gwowen Shieh, 2006. "Exact Interval Estimation, Power Calculation, and Sample Size Determination in Normal Correlation Analysis," Psychometrika, Springer;The Psychometric Society, vol. 71(3), pages 529-540, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kalu O. Emenike, 2021. "Interdependence among West African stock markets: A dimension of regional financial integration," African Development Review, African Development Bank, vol. 33(2), pages 288-299, June.
    2. Barrera, Carlos R., 2010. "Redes neuronales para predecir el tipo de cambio diario," Working Papers 2010-001, Banco Central de Reserva del Perú.
    3. Lai-Ying Leong & Teck-Soon Hew & Keng-Boon Ooi & Bhimaraya Metri & Yogesh K. Dwivedi, 2023. "Extending the Theory of Planned Behavior in the Social Commerce Context: A Meta-Analytic SEM (MASEM) Approach," Information Systems Frontiers, Springer, vol. 25(5), pages 1847-1879, October.
    4. McArthur, David Philip & Kleppe, Gisle & Thorsen, Inge & Ubøe, Jan, 2011. "The spatial transferability of parameters in a gravity model of commuting flows," Journal of Transport Geography, Elsevier, vol. 19(4), pages 596-605.
    5. Gwowen Shieh, 2007. "A Unified Approach to Power Calculation and Sample Size Determination for Random Regression Models," Psychometrika, Springer;The Psychometric Society, vol. 72(3), pages 347-360, September.
    6. Gwowen Shieh, 2020. "Power Analysis and Sample Size Planning in ANCOVA Designs," Psychometrika, Springer;The Psychometric Society, vol. 85(1), pages 101-120, March.
    7. Robert Johnston, 2007. "Choice experiments, site similarity and benefits transfer," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 38(3), pages 331-351, November.
    8. Show-Li Jan & Gwowen Shieh, 2017. "Optimal Sample Size Determinations for the Heteroscedastic Two One-Sided Tests of Mean Equivalence," Journal of Educational and Behavioral Statistics, , vol. 42(2), pages 145-165, April.
    9. Robert Johnston & Joshua Duke, 2008. "Benefit Transfer Equivalence Tests with Non-normal Distributions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(1), pages 1-23, September.
    10. Show-Li Jan & Gwowen Shieh, 2024. "Improved Test Procedure and Sample Size Calculation for Assessing Similarity in Two-Group Comparative Studies with Heterogeneous Variances," Sankhya B: The Indian Journal of Statistics, Springer;Indian Statistical Institute, vol. 86(2), pages 724-742, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0252323. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.