Relation To Other Statistical Measures
Gini coefficient closely related to the AUC (Area Under receiver operating characteristic Curve) measure of performance. The relation follows the formula Gini coefficient is also closely related to Mann–Whitney U.
Gini index is also related to Pietra index - both of which are a measure of statistical heterogeneity and are derived from Lorenz curve and the diagonal line.
In certain fields such as ecology, Simpson's index is used, which is related to Gini. Simpson index scales as mirror opposite to Gini; that is, with increasing diversity Simpson index takes a smaller value (0 means maximum, 1 means minimum heterogeneity per classic Simpson index). Simpson index is sometimes transformed by subtracting the observed value from the maximum possible value of 1, and then it is known as Gini-Simpson Index.
Read more about this topic: Gini Coefficient
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