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If you sort by Median Earnings, Cal tech shows up in the top. we ran the scorecard’s earnings data through a multiple regression analysis So they ran some mac
by vmarsy 11y ago
If you sort by Median Earnings, Cal tech shows up in the top.
we ran the scorecard’s earnings data through a multiple regression analysis
So they ran some machine learning algorithm, the Over/Under column just shows the errors in their final model. If their choice of variable was perfect, then every school would have an over/under of $0, some metrics are just not linear and not easy to get (school reputation, networking power?)
In the end this is not a very valuable metric, who cares if they think a cal tech graduate should make $82,126, it still makes $74,000. What is more interesting to me would be how much money that graduate spent on school to get there.
- jldugger 11y ago> who cares if they think a cal tech graduate should make $82,126, it still makes $74,000 Mostly someone who wants to measure the effectiveness of their undergraduate curriculum. As a student, there's a strong case to be made for ignoring this data and seeking the most selective alma mater possible. But if the law surrounding Duke v Griggs ever gets overturned and IQ / SAT scores are allowed in screening job applicants, you definitely want to know how much of a school's function is the actual learning and placing bit.