EconPapers    
Economics at your fingertips  
 

The added value of more accurate predictions for school rankings

Fritz Schiltz, Paolo Sestito, Tommaso Agasisti () and Kristof De Witte

Economics of Education Review, 2018, vol. 67, issue C, 207-215

Abstract: School rankings based on value-added (VA) estimates are subject to prediction errors, since VA is defined as the difference between predicted and actual performance. We introduce the use of random forest (RF), rooted in the machine learning literature, as a more flexible approach to minimize prediction errors and to improve school rankings. Monte Carlo simulations demonstrate the advantages of this approach. Applying the proposed method to Italian middle school data indicates that school rankings are sensitive to prediction errors, even when extensive controls are added. RF estimates provide a low-cost way to increase the accuracy of predictions, resulting in more informative rankings, and more impact of policy decisions.

Keywords: Value-added; School rankings; Machine learning; Monte carlo (search for similar items in EconPapers)
JEL-codes: C50 I21 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0272775718301286
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The added value of more accurate predictions for school rankings (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:67:y:2018:i:c:p:207-215

DOI: 10.1016/j.econedurev.2018.10.011

Access Statistics for this article

Economics of Education Review is currently edited by E. Cohn

More articles in Economics of Education Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-31
Handle: RePEc:eee:ecoedu:v:67:y:2018:i:c:p:207-215