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Currently, CBTI programs fall into one of two categories: actuarial assessment programs or automated assessment programs. Actuarial assessment programs are based on statistical or actuarial prediction (e.g., statistical analyses, linear regression equations and Bayesian rules), which is empirically based while automated assessment programs consist of a series of if-then statements derived by ...
The most recent version of the test is WonScore, a cloud-based assessment providing a score to potential employers. [4] [5] The Wonderlic test was based on the Otis Self-Administering Test of Mental Ability with the goal of creating a short form measurement of cognitive ability. [1] [3] [6] It may be termed as a quick IQ test. [7]
Individual psychological assessment (IPA) is a tool used by organizations to make decisions on employment. IPA allows employers to evaluate and maintain potential candidates for hiring, promotion, and development by using a series of job analysis instruments such as position analysis questionnaires (PAQ), occupational analysis inventory (OAI), and functional job analysis (FJA).
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. [2]
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. Actuaries are professionals trained in this discipline.
Psychological assessment is similar to psychological testing but usually involves a more comprehensive assessment of the individual. According to the American Psychological Association, psychological assessment involves the collection and integration of data for the purpose of evaluating an individual’s "behavior, abilities, and other ...
Additionally, because most actuarial risk assessment tools are based on static (or unchanging) risk factors, SPJ tools tend to be better at identifying dynamic risk factors (which can be changed), and thus can be more useful in treatment settings than actuarial assessments. [60] Actuarial risk assessment is a more objective method of risk ...
Psychometrics is a field of study within psychology concerned with the theory and technique of measurement.Psychometrics generally covers specialized fields within psychology and education devoted to testing, measurement, assessment, and related activities. [1]