All measurements must contend with unreliability. No measure is free of measurement error. More attention must be paid to measurement error in all psychological research. The problem of reliability is more severe when rating scales are involved. Many of the constructs in...

In this research, we investigate the behavior of Cronbach's coefficient alpha and its new standard error. We systematically analyze the effects of sample size, scale length, strength of item intercorrelations, and scale dimensionality. We demonstrate the beneficial effects of sample size on...

Contemporaneous evidence of corporate revenue and profit forecasting error is provided in a different institutional context, Australian sharemarket initial public offerings. This article extends the literature on company forecast risk by incorporating new proxies for forecasting error (float...

An examination of analysts' accuracy in predicting annual earnings for firms reporting losses and firms reporting profits finds that analysts are ten times more accurate in predicting the earnings of profit firms. They have also improved their predictive ability for profit firms since the...

Identification in a regression discontinuity (RD) design hinges on the discontinuity in the probability of treatment when a covariate (assignment variable) exceeds a known threshold. If the assignment variable is measured with error, however, the discontinuity in the first stage relationship...

This paper analyses measurement error in the classification of employment. We show that the true employment rate and time-invariant error rates can be identified, given access to two measures of employment with independent errors. Empirical identification requires at least two periods of data...

This paper analyses the measurement error and earnings dynamics of two sources of individuals' annual earnings from Statistics New Zealand's Survey of Family, Income and Employment (SoFIE) and administrative linked employer-employee data (LEED) earnings reported in the Integrated Database...

In the U.S. Census Bureau's 2002 and 2007 Censuses of Manufactures 79% and 73% of observations respectively have imputed data for at least one variable used to compute total factor productivity. The Bureau primarily imputes for missing values using mean-imputation methods which can reduce the...

We look into the impact of measurement error in capital on the estimation of production functions. We introduce an identification scheme and an estimation procedure that jointly deals with measurement error in capital and the standard simultaneity bias due to unobserved productivity shocks. We...

In empirical option pricing studies, model pricing performance is generally evaluated with distance from the market prices. A common approach is to aggregate similar contracts' pricing errors, in terms of remaining time to contract expiry (maturity) and relative position of the exercise price to...