Economy, finances, management: Topical issues of science and practical activity


Issue №: 2(42)

Published: 2019.08.03
DOI: 10.37128/2411-4413-2019-2

The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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DOI: 10.37128/2411-4413-2019-2-12
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SHEVCHUK Oleksandr – Candidate of Physical and Mathematical Sciences, Associate Professor of the Department of Mathematics, Physics and Computer Technologies, Vinnytsia National Agrarian University (21008, Vinnytsia, 3 Soniachna Str., e-mail: shevchuk177@gmail.com).


One of the topical challenges facing higher educational establishments (HEE) is to build the most optimal model for competitive selection of entrants. Based on the results of the external independent assessment (EIA) and the average score of the entry certificate, the institution of higher education, by varying weights, tries to build such a rating list, which places in the first place exactly those applicants who are able to study better in the relevant specialty. Evaluation of the applied model of competitive selection is investigated by the indicator of the predictive validity of the competitive score. Predictive validity is the correlation coefficient between the indicator by which competitive selection is made and the student's performance during the first year of study. Therefore, by assessing the value of predictive validity, it is possible to examine the statistical relationships of EIA results in different subjects or their respective weights with student performance and to build optimal competitive selection models based on them. In this case, the effectiveness of the HEE entry system based on EIA is recognized as high, if the correlation coefficient (R) is greater than 0.5; sufficient, if the correlation coefficient is in the range [0,3, 0,5] and low, if the correlation coefficient is less than 0,3.

Since 2018, analytical procedures for EIA have begun to be introduced gradually for college graduates, but only as a state final certification. Subsequently, the results of the EIA will be taken into account in the admission of junior specialists to the bachelor's degree. But now, enrollment in the HEE is based on the grade point average of the school certificate and the results of the university entrance examination. Therefore, the study of the prognostic validity index of competitive selection of college graduates is relevant both in terms of evaluating the existing model of admission to the HEE, and for the search of directions for its improvement.

In order to evaluate the predictive value of competitive selection and its components, the results of the calculation of correlation indicators between the students' grades and the students' success in the subjects studied in the HEE during the first semester of the third year are presented. The data obtained indicate a sufficiently high prognostic validity (R>0,5) of the competition score. At the same time, a significant level of correlation was observed both with the average rates of students' education in the first semester and with success in almost every discipline (only for the discipline "Information Systems and Technologies of Accounting and Audit" the correlation coefficient is slightly less than 0.5). It should also be noted that the competition score is better correlated with the results of the current academic performance of students in the 1st semester (before the test session), than with the results of the overall success after the 1st session. As it turns out, this tendency to decrease correlation is due to the fact that several students did not participate in the exam and therefore their average learning outcomes are very different from the main group of observations.

Also indicative for predicting student learning outcomes in the HEE are the data from the average score of the school certificate. This indicator, as shown by the correlation coefficient calculations, has high predictive validity to the average results of the first semester (R = 0.73 and R = 0.67) and to each individual discipline (R>0.5). Therefore, when introducing external independent assessment for college graduates, it is also advisable to enter the average score of the education document into the formula for calculating the competition score.

On the other hand, a proficiency test of university applicants is a weak predictor of student performance during the first semester (R<0.5 for all HEE subjects without exception). The slight correlation between these criteria is related to the introduced professional test evaluation methodology and therefore requires further improvement.

By analyzing the standardized values of deviations between the competition grade and the average success rate of a student in the first semester, the presence of abnormal levels of evaluation within the sample was investigated. It is shown that the Spirman rank correlation coefficient is less dependent on the presence of such anomalies and is more rational when estimating the prognostic validity of small samples.

Keywords: prognostic validity, correlation coefficient, coefficient of rank correlation, competitive selection, competition grade, rating grade, professional test.

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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

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The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
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  • enhancing the culture of reviewing and annotating published material;
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History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.