Companies, unions, and other plan sponsors can choose, for example, which hospitals and doctor groups to put in their mainstream health plan or which pharmacy benefit managers to use (the ones with low error rates).
These guidelines allow scientific techniques to be used in evidence, as long as the techniques have survived the scrutiny of peer review, use established error rates, and have general acceptance in the scientific community.
Still, the error had probably caused interest rates to be kept too high for too long.
That error caused the Fed to hold interest rates too low for too long, blowing more air into the bubble and imposing enormous negative consequences on the economy.
John Mezias and Bill Starbuck published several articles in which they showed how people do not even know basic facts about their own companies, such as the sales of their own business unit, error rates, or quality indicators.
FORBES: Most People Don't Know Their Business (so asking them about it is useless)
The error affected under 1% of the US debt being paid at the time, but interest rates on short term bonds rose nearly 1% in a short period because of that error.
The estimate also contained an arithmetical error which significantly increased estimated construction rates.
We also have implemented new accountability measures, posting details of error rates at PaymentAccuracy.gov, and for the first time adding sanctions for programs that fail to meet an increasingly rigorous threshold for error.
Rather, the technique should also be shown to be reliable, with known error rates.
Such rates of Greenland ice loss were barely larger than the margin of error in their readings, making it difficult to discern any difference between a supposed loss curve on a graph from a straight line.
FORBES: Man The Lifeboats! Global Warming Has Oceans Rising At Alarming Rate! (Or Maybe not)
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