alpha error

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alpha error

n. Statistics
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"As alternatives tend to carry some combination of illiquidity and alpha risk, advisors will need to reflect that to clients and ensure they receive adequate analysis and understanding," the paper suggests.
Cardiff-based Alpha Risk Management, which has been formed by a group of former special forces soldiers, said the number of occasions when it had been called in to "sweep" offices and carry out similar counter-surveillance measures had risen dramatically in recent months.
The two-year study, conducted by Alpha Risk Services, Inc., and released by LeasingDesk Insurance, analyzed 1,000 apartment fire insurance claims.
Herbert Feldman, president and CEO of Alpha Risk Management, Inc., discussed minimizing insurance losses through adequate coverage and how to enhance insurance recoveries after property damage events.
Specifically, alpha risk is the likelihood that an auditor will conclude that an account is materially misstated (in error) when it is not and beta risk is the likelihood that an auditor will conclude an account is not materially misstated when it is indeed materially misstated (in error).
Franco is president of Alpha Risk Services, Inc., Atlanta, an insurance placement and risk management consulting firm specializing in the multifamily industry.