The Accounting Review Vol. 51 No. 3 1976
The Predictive-Ability Criterion and User Prediction Models: A Reply.
Abstract
The article presents a response by the author on comments made by scholar Cornelius J. Casey on his article "The Predictive Ability Criterion and User Prediction Models," published in the October 1974 issue of the periodical "The Accounting Review." Cassey addresses three areas contained in my previous article. My response, which is intended to be constructive and elaborative, considers these areas in the order adopted by Casey. Casey's major contribution lies in his discussion of the severity of criterion problems in accounting contexts. For example. in commenting on my discussion of the imprecision of criterion values, he correctly observes that decision makers act on the basis of criterion values whether they are precise or not. Further, he recognizes that consistent measurement of criterion values is a possible means of minimizing imprecision. These points are well-taken. In fact, research and study subsequent to my original article have led me to question whether criterion problems in accounting contexts are more severe than similar problems in other contexts, for example, the criterion of hospital staff diagnosis, in psychology, or grade point average in education, as I previously had believed. On the other hand, much of Casey's concern apparently arises from misinterpretation of my position.
- DOI
- 10.2308/tar-4482350
- Volume
- 51
- Issue
- 3
- Pages
- 679-682
- Language
- en
- Sources
- openalex crossref