It is meaningful to create a comprehensive score to extract information from mass continuous data when they measure the same latent concept. Therefore, this study adopts the logic of psychometrics to conduct scales on continuous data under the Rasch models. This study also explores the effect of different data discretization methods on scale…

In this study, the factorial invariance of the ASIS (Anadolu-Sak Intelligence Scale) was examined across time. Data were obtained from there groups of first-grade students who were administered the ASIS in 2020, 2021, and 2022. The analyses were conducted using multisample confirmatory factor analyses. Factorial invariance was tested with six…

Complex Machine Learning (ML) models used to support decision-making in peer-to-peer (P2P) lending often lack clear, accurate, and interpretable explanations. While the game-theoretic concept of Shapley values and its computationally efficient variant Kernel SHAP may be employed for this aim, similarly to other existing methods, the latter makes…

Recently, deep learning has become a pervasive tool in prediction problems for structured and/or unstructured big data in various areas including science and engineering. In particular, deep neural network models (i.e. a basic core model of deep learning) can be viewed as an extension of statistical models by going through the incorporation of…

This paper is concerned with the process of selecting between the increasingly popular bi-factor model and the second-order factor model in measurement research. It is indicated that in certain settings widely used in empirical studies, the second-order model is nested in the bi-factor model and obtained from the latter after imposing appropriate…

It is common to find mixed-format data results from the use of both multiple-choice (MC) and constructed-response (CR) questions on assessments. Dealing with these mixed response types involves understanding what the assessment is measuring, and the use of suitable measurement models to estimate latent abilities. Past research in educational…

In this study, the accuracy of the artificial neural network (ANN) was assessed considering the uncertainties associated with the randomness of the data and the lack of learning. The Monte-Carlo algorithm was applied to simulate the randomness of the input variables and evaluate the output distribution. It has been shown that under certain…

Objectively scoring constructed-response items on educational assessments has long been a challenge due to the use of human raters. Even well-trained raters using a rubric can inaccurately assess essays. Unfolding models measure rater's scoring accuracy by capturing the discrepancy between criterion and operational ratings by placing essays on an…

Symmetry considerations are important in science, and Group Theory is a theory of symmetry. Classical Measurement Theory is the most used measurement theory in the social and behavioral sciences. In this article, the author uses Matrix Lie (Lee) group theory to formulate a measurement model. Symmetry is defined and illustrated using symmetries of…

In selected-response assessments such as attitude surveys with Likert-type rating scales, examinees often select from rating scale categories to reflect their locations on a construct. Researchers have observed that some examinees exhibit "response styles," which are systematic patterns of responses in which examinees are more likely to…

This article outlines a readily applicable procedure for point and interval estimation of the population discrepancy between reliability and the popular Cronbach's coefficient alpha for unidimensional multi-component measuring instruments with uncorrelated errors, which are widely used in behavioral and social research. The method is developed…

This paper reports a validation study based on descriptive multidimensional item response theory (DMIRT), implemented in the R package "D3mirt" by using the ERS-C, an extended version of the Relevance subscale from the Moral Foundations Questionnaire including two new items for collectivism (17 items in total). Two latent models are…

This software review discusses the capabilities of Stata to conduct item response theory modeling. The commands needed for fitting the popular one-, two-, and three-parameter logistic models are initially discussed. The procedure for testing the discrimination parameter equality in the one-parameter model is then outlined. The commands for fitting…

The default risk, one of the main risk factors for bonds, should be measured and reflected in the bond yield. Particularly, in the case of financial companies that treat bonds as a major product, failure to properly identify and filter customers' workout status adversely affects returns. This study proposes a two-stage classification algorithm for…

We have maintained the customer grade system that is being implemented to customers with excellent performance through customer segmentation for years. Currently, financial institutions that operate the customer grade system provide similar services based on the score calculation criteria, but the score calculation criteria vary from the financial…