Metrics


Metrics

A metric is a standard unit of measure, such as meter or gram, or more generally, part of a system of parameters, or systems of measurement, or a set of ways of quantitatively and periodically measuring, assessing, controlling or selecting a person, process, event, or institution, along with the procedures to carry out measurements and the procedures for the interpretation of the assessment in the light of previous or comparable assessments.

Metrics are usually specialized by the subject area, in which case they are valid only within a certain domain and cannot be directly benchmarked or interpreted outside it. This factor severely limits the applicability of metrics, for instance in comparing performance across domains. The prestige attached to them may be said to relate to a 'quantifiability fallacy', the erroneous belief that if a conclusion is reached by quantitative measurement, it must be vindicated, irrespective of what parameters or purpose the investigation is supposed to have.

Examples include academic metrics such as an academic journal's impact factor and bibliometrics; crime statistics; corporate investment metrics, such as earnings per share or Price-to-earnings ratio; economic metrics or economic indicators, such as gross domestic product and the Gini coefficient, which are the subject of econometrics; education metrics, such as grade point average, standardized test scores such as the SAT and College and university rankings; environmental or sustainability metrics and indices; health metrics, such as mortality rate and life expectancy; market metrics such as the Q score; political metrics, such as the United States Presidential approval rating; software metrics; and vehicle metrics such as miles per gallon. In business, they are sometimes referred to as key performance indicators, such as overall equipment effectiveness, or key risk indicators. In the field of Facilities Management, a key metric is the Facility Condition Index, or FCI.


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Look at other dictionaries:

  • metrics — UK US /ˈmetrɪks/ noun [plural] ► a set of numbers that give information about a particular process or activity: »Do you have any metrics on the rate of usage for the service? »Performance metrics need to align marketing activity with corporate… …   Financial and business terms

  • metrics — (n.) study of meter, 1892, variant of METRIC (Cf. metric) (n.); also see ICS (Cf. ics) …   Etymology dictionary

  • metrics — [me′triks] n. the science or art of writing in meter …   English World dictionary

  • Metrics — Parameters or measures of quantitative assessment used for measurement, comparison or to track performance or production. Analysts use metrics to compare the performance of different companies, despite the many variations between firms. Metrics… …   Investment dictionary

  • metrics — metrica ит. [ме/трика] metrics англ. [ме/трикс] Metrik нем. [ме/трик] métrique фр. [мэтри/к] метрика, учение о метре …   Словарь иностранных музыкальных терминов

  • metrics — Метрики (Metrics)     Информация, встроенная в файл цифрового шрифта [шрифт, описанный с помощью цифровых данных]: величины ширин знаков [расстояние от крайней левой до крайней правой точки], список кернинговых пар [пары знаков, требующие… …   Шрифтовая терминология

  • metrics — См. mètrica …   Пятиязычный словарь лингвистических терминов

  • metrics — /me triks/, n. (used with a sing. v.) 1. the science of meter. 2. the art of metrical composition. [1895 1900; see METRIC2, ICS] * * * …   Universalium

  • -metrics — a combining form with the meaning the science of measuring that specified by the initial element: biometrics; econometrics. [see METRIC, ICS] * * * …   Universalium

  • metrics — noun the study of metrical verse; prosody [treated as singular] …   Wiktionary


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