Quality Control
In the case of private company statistics, given that StatTrader does not know the specific identity of the companies to which the statistics are based, it is a fair question to ask how StatTrader ensures the quality control of statistics. The answer is that StatTrader provides “process” quality control over its Licensee network. The first quality control point is that the licensee network of CPAs is both an objective and highly credible group of professionals.
To ensure and validate quality, StatTrader:
- Conducts extensive analytics relative to the “frequency and fit” of anonymous statistical contributions coming from licensee networks.
- Investigates licensees if anonymous entries seem inordinate.
- Conducts private audits of data bases and their entries as part of our licensing agreements.
Licensees who are found to consistently or continuously contribute statistics that are not based upon actual and accurate data are immediately disqualified as a network contributor; and, their right to license the StatTrader system may be terminated.