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Researchers cannot adjust for imbalances in prognostic factors that are unmeasured or poorly categorized and administrative data, in particular, may lack the precise and accurate coverage of clinical details needed to permit full and fair adjustments.
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Car prices —after a (fairly heroic, but fair) adjustment for quality improvements declined by 11% a year, in real terms, in the first quarter of the 20th century.
It is a fair adjustment given the increased longevity of the population: European life expectancy has increased by almost ten years since 1950.
The first national code of conduct for American lawyers, in 1908, bluntly disdained litigation: "Whenever the controversy will admit of fair adjustment," it said, "the client should be advised to avoid or to end the litigation".
That was thought to be an actuarially fair adjustment so that whether one retired at age 62 or age 65, one received approximately the same aggregate lifetime Social Security benefits.
The results on the carcinogenic effect of tobacco smoking are consistent with the expected relationship (Gandini et al. 2008) and allowed fair adjustment for smoking.
Many now plan to reopen in October, and some are removing the fair value adjustments.
The result was further impacted by special items such as impairments, fair value adjustments and – to a lesser extent – positive special items," the company said.
The bank's results were heavily affected by a negative "fair value adjustment" to its own debt of $5.2bn in 2012, compared with a positive adjustment of $3.9bn the year before.
What's more, most of the funds added a "fair value adjustment", in effect marking down the value of the properties they owned and therefore shrinking investors' holdings.
To avoid that outcome, Enron shifted billions of the fair value adjustment from the pipeline itself onto a storage area associated with it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com