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  2. Performance indicator - Wikipedia

    en.wikipedia.org/wiki/Performance_indicator

    A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [ 2 ]

  3. Performance measurement - Wikipedia

    en.wikipedia.org/wiki/Performance_measurement

    Performance Reference Model of the Federal Enterprise Architecture, 2005. [6] Defining performance measures or methods by which they can be chosen is also a popular activity for academics—for example a list of railway infrastructure indicators is offered by Stenström et al., [7] a novel method for measure selection is proposed by Mendibil et ...

  4. Goodhart's law - Wikipedia

    en.wikipedia.org/wiki/Goodhart's_law

    Goodhart's law is an adage often stated as, "When a measure becomes a target, it ceases to be a good measure". [1] It is named after British economist Charles Goodhart, who is credited with expressing the core idea of the adage in a 1975 article on monetary policy in the United Kingdom: [2]

  5. Recession forecasts have been wrong for years. Here's why a ...

    www.aol.com/finance/recession-forecasts-wrong...

    Here's why a 'perfect indicator' doesn't exist. Josh Schafer. August 29, 2024 at 5:00 AM. It hasn't been a great time for folks in the business of predicting recessions.

  6. False positives and false negatives - Wikipedia

    en.wikipedia.org/wiki/False_positives_and_false...

    A false negative error, or false negative, is a test result which wrongly indicates that a condition does not hold. For example, when a pregnancy test indicates a woman is not pregnant, but she is, or when a person guilty of a crime is acquitted, these are false negatives.

  7. Overall labor effectiveness - Wikipedia

    en.wikipedia.org/wiki/Overall_Labor_Effectiveness

    Overall labor effectiveness (OLE) is a key performance indicator (KPI) that measures the utilization, performance, and quality of the workforce and its impact on productivity. Similar to overall equipment effectiveness (OEE), OLE measures availability, performance, and quality.

  8. Past performance - Wikipedia

    en.wikipedia.org/wiki/Past_performance

    The phrase “past performance is not an indicator of future performance” (or similar) can be found in the fine print of most mutual fund literature. Nonetheless, past performance of an investment fund or portfolio, and the management thereof, is frequently considered when judging the fund or the management of it.

  9. Benchmarking - Wikipedia

    en.wikipedia.org/wiki/Benchmarking

    Benchmarking is used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others. [1]