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 paper, we develop a mixed stochastic approximation expectation-maximization (MSAEM) algorithm coupled with a Gibbs sampler to compute the marginalized maximum a posteriori estimate (MMAPE) of a confirmatory multidimensional four-parameter normal ogive (M4PNO) model. The proposed MSAEM algorithm not only has the computational advantages of…

In this paper, we develop a mixed stochastic approximation expectation-maximization (MSAEM) algorithm coupled with a Gibbs sampler to compute the marginalized maximum a posteriori estimate (MMAPE) of a confirmatory multidimensional four-parameter normal ogive (M4PNO) model. The proposed MSAEM algorithm not only has the computational advantages of…

Forced-choice (FC) measures have been widely used in many personality or attitude tests as an alternative to rating scales, which employ comparative rather than absolute judgments. Several response biases, such as social desirability, response styles, and acquiescence bias, can be reduced effectively. Another type of data linked with comparative…

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…

The adaptive learning problem concerns how to create an individualized learning plan (also referred to as a learning policy) that chooses the most appropriate learning materials based on a learner's latent traits. In this article, we study an important yet less-addressed adaptive learning problem--one that assumes continuous latent traits.…

Proposes an approach to incorporate term similarity and inverse document frequency into a logical model of information retrieval. Highlights include document representation and matching; incorporating term similarity into the measure of distance; new algorithms for implementation; inverse document frequency; and logical versus classical models of…

Presents an algorithm for integrating evaluative concerns of cost effectiveness, equity, quality, and sustainability in program evaluation and offers suggestions for refining the system of measurement and analysis. (SLD)

Reviews 10 computerized business simulations used to teach business policy courses, discusses problems with measuring performance, and presents a statistically based approach to assessing performance that permits individual team goal setting as part of the computer model, and allows simulated firms to start with different financial and operating…