permutation: [n! / (n-k)!]
n: total number of observations k: permutations (original) k permutations (k=2, n=3) +----+ +-----+-----+ | x | ===> | x_1 | x_2 | +----+ +-----+-----+ | A | | A | B | | B | | A | C | | C | | B | A | +----+ | B | C | | C | A | | C | B | +-----+-----+ (original) k permutations(k=3, n=3) +----+ +-----+-----+-----+ | x | ===> | x_1 | x_2 | x_3 | +----+ +-----+-----+-----+ | A | | A | B | C | | B | | A | C | B | | C | | B | A | C | +----+ | B | C | A | | C | A | B | | C | B | A | +-----+-----+-----+
Examples: --------- permin x, k(2) permin x, k(3) permin x, k(4) permin x, k(5) Author Muhammad Rashid Ansari INSEAD Business School 1 Ayer Rajah Avenue, Singapore 138676 > rashid.ansari@insead.edu