Induced Arithmetic Average Bias Matrix Model (IAABMM)

In previous Chapters, IBMM and its related extensions and applications are presented. In Ergu and Kou (2012), another form of induced bias matrix model, induced arithmetic average bias matrix model (IAABMM), is proposed and proved mathematically, which is easier to be understood than the previous model. In addition, two simpler inconsistency identification processes are also analyzed and proposed. An estimating formula of inconsistency adjustment for IAABMM is derived for the first time and illustrated by two numerical examples. In this Chapter, the details of IAABMM will be described.