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If employers are "rational"—if the assumption is that Harvard is inflating its grades, and will continue to do so then they can apply an appropriate deflation factor.
In step (c), GC is used to estimate the deflation factor ζ.
This deflation factor is estimated in exactly the same way Bacanu et al. [14] estimate inflation factor λ for quantitative traits.
The grammar function in GenABEL adjusts for this deflation factor.
Accounting for this in our statistical analysis model allows us to decrease the sample size by a deflation factor of 0.84.
Specifically, we can assume inflation factors of 1.32 for correlation of outcomes within therapists, and of 1.25 for attrition and a deflation factor of 0.84, for correlation between baseline and follow-up measures.
Similar(53)
The Fed's slow but deadly deflation was one factor that precipitated the Asian economic crisis in 1997, the Russian ruble collapse in 1998 and the commodity deflation that hammered American farmers in 1999.
It is monetary policy that determines general inflation or deflation, not structural factors such as global competition.
All cost estimates were calculated in Canadian dollars (CAD$). Cost transformations were not adjusted for annual deflation and inflation factors during the 2008 time horizon.
Finally, cost transformations were not adjusted for annual deflation and inflation factors during the 2008 time horizon, therefore, cost estimates were potentially under-estimated.
The concern about deflation was a principal factor behind the decision by the Federal Reserve in August to carry out its bond purchasing program.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com