Rank-based methods

Rank-based methods are techniques used to analyze or evaluate items based on their relative positions or rankings rather than absolute values. For instance, in competitions, athletes might be ranked based on their performance rather than the exact scores they achieve. This approach helps to highlight differences in performance levels, making it easier to compare and interpret results. Rank-based methods are often used in statistics, machine learning, and decision-making processes, offering a way to prioritize options or assess outcomes without being affected by scale or magnitude variations.