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Reply to "WSJ Rankings 2025"
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[quote=Anonymous][quote=Anonymous] There is actually zero mental gymnastics. It’s all from mathematical formulas based on quantitative data.[/quote] "Salary impact (33%): This measures the extent to which a college boosts its graduates’ salaries beyond what they would be expected to earn regardless of which college they attended. [b]We used statistical modeling to estimate what we would expect the median earnings of a college’s graduates to be on the basis of the exam results of its students prior to attending the college and the cost of living in the state in which the college is based. We then scored the college on its performance against that estimate[/b]." "Graduation rate impact (20%): This is a measure of a college’s performance in ensuring that its students graduate, beyond what would have been expected of the students regardless of which college they attended. [b]We used statistical modeling to estimate what we would expect a college’s graduation rate to be on the basis of the exam results of its students prior to attending the college and the proportion of their students whose family income is $110,000 per year or higher. We then scored the college on its performance against that estimate. [/b]These scores were then combined with scores for raw graduation rates to factor in absolute performance alongside performance relative to our estimates." The mental gymnastics are in the assumptions they put into the "statistical modeling". You can get a model to say whatever you want if you just adjust the assumptions, and the result will not be "hard and quantitative" no matter how much hard, quantitative data you feed into it. [/quote]
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