Tetrachoric Correlation is superior to the phi coefficient as a measure of the relation of an item pair. See Divgi, 1979; Olsson, 1979;Harris, 1988.
Value
Returns a single numeric value of class "exametrika" representing the tetrachoric correlation coefficient between the two binary variables. The value ranges from -1 to 1, where:
1 indicates perfect positive correlation
-1 indicates perfect negative correlation
0 indicates no correlation
References
Divgi, D. R. (1979). Calculation of the tetrachoric correlation coefficient. Psychometrika, 44, 169-172.
Olsson, U. (1979). Maximum likelihood estimation of the polychoric correlation coefficient. Psychometrika,44, 443-460.
Harris, B. (1988). Tetrachoric correlation coefficient. In L. Kotz, & N. L. Johnson (Eds.), Encyclopedia of statistical sciences (Vol. 9, pp. 223-225). Wiley.
