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Rasch’s unidimensional models for measurement show how to connect object measures (e.g., reader abilities), measurement mechanisms (e.g., machine-generated cloze reading items), and observational outcomes (e.g., counts correct on reading instruments). Substantive theory shows what...
Persistent link: https://www.econbiz.de/10014152660
In 1959, Ragnar Frisch prompted Georg Rasch to formalise a separability theorem that continues today to serve as the basis of a wide range of theoretical and applied developments in psychological and social measurement. Previously unnoted are the influences on Rasch exerted by Frisch’s...
Persistent link: https://www.econbiz.de/10013214837
Invariant, additive, and separable parameters for measures of human, social, and natural capital have repeatedly proven their value and utility globally over the last 50 years. Given growing demand for comparable living capital metrics, metrological organizations should position themselves to...
Persistent link: https://www.econbiz.de/10014189712
In 1979, the Danish mathematician Georg Rasch recounted a 1959 visit with his former teacher, and later economics Nobel Prize winner, Ragnar Frisch. At this time, Frisch prompted Rasch to formalize his work in a separability theorem. Previously unnoted is that Frisch's close colleague, Irving...
Persistent link: https://www.econbiz.de/10013132627
Measurement quality is a fundamental factor in determining the cost of transactions within organizations and markets. A huge gulf separates the meaningfulness and precision of business metrics as currently achieved from the quality that has been routinely obtained for decades in research and in...
Persistent link: https://www.econbiz.de/10013074444
Objectives: Theory development enables the modeling of relationships in physical functioning (PF), demonstrating the practical value of measurement theory relative to predictive control of the modeled parameters. Methods. Predictive theories provide highly practical foundations for efficient...
Persistent link: https://www.econbiz.de/10014168764
After 150 years of business, Lehman Brothers ran out of cash and credit, and filed for bankruptcy on September 15, 2008. As a publicly traded company, Lehman had filed all the reports required by U.S. securities law. But the hundreds of pages of words and numbers provided no timely warning of...
Persistent link: https://www.econbiz.de/10013078953