ASSESSMENT DEFINITIONS CHAPTERS
4 & 5 Exam Q&A 100% Solved
Reliability - ✔✔=consistency of measurement
#refers to the consistency with which it measures whatever it measures
Systematic factors - ✔✔=factors that affect the average returns of a large
number of different assets
#emotional state of mind
#fatigue
#noise
Types of Reliability - ✔✔-Establishes the consistency and stability of the
evaluation
= exist because thy help to address a particular dimension of consistency
that might be important in a study
, Test-retest reliability - ✔✔=a method for determining the reliability of a test
by comparing a test taker's scores on the same test taken on separate
occasions
=administer the same test to the same group twice
Alternate forms reliability - ✔✔=a procedure for testing the reliability of
responses to survey questions in which subjects' answers are compared
after the subjects have been asked slightly different versions of the
questions or when randomly selected halves of the sample have been
administered slightly different versions of the questions
Split-half reliability - ✔✔=a measure of reliability in which a test is split into
two parts and an individual's scores on both halves are compared
Inter-item consistency - ✔✔=the degree of relatedness of items on a test
=based on the consistency of responses to all the items in the measure
=obtained using the Kuder-Richardson method
Kuder-Richardson coefficient - ✔✔A test for instrument reliability for use
with dichotomous items
=all items are simultaneously compared using a computer
Dichotomous - ✔✔=divided or dividing into two parts or classifications