Business analytics courses, such as marketing research, data mining, forecasting, and advanced financial modeling, have substantial predictive modeling components. The predictive modeling in these courses requires students to estimate and test many linear regressions. As a result, false positive variable selection ("type I errors") is…

This study was designed to determine whether adjustments for the differential prediction observed among sex, racial/ethnic, or age subgroups in one freshman class at a college could be used to improve prediction accuracy for these subgroups in future freshman classes. (Author/LMO)

Heckman's correction for regression in selected samples for predictive validity studies was applied to a large data file on 7,984 law school applicants. Data included ethnic group, sex, socioeconomic status, undergraduate degree, school, scores on the Law School Admission Test (LSAT), writing ability, undergraduate grade point average, and age.…