A percentage error for a measurement is 100*(True Value - Measured Value)/True Value.
This is the accuracy of a value.
''Accuracy is the degree of closeness to true value. Precision is the degree to which an instrument or process will repeat the same value. In other words, accuracy is the degree of veracity while precision is the degree of reproducibility.
The term is accuracy
The term is accuracy
Approximation
accuracy; reliability.
Accuracy refers to the closeness of a measurement to the true value. It indicates how well a measurement matches the actual value being measured. The accuracy of a measurement is important in ensuring the reliability and validity of experimental results.
The ability to make a measurement that is as close to an actual value is called accuracy. Accuracy is the extent to which a measured value agrees with the true value of a quantity.
Accuracy is the level of closeness between a measured quantity and the actual or standard value. It indicates how well a measurement represents the true value of the quantity being measured.
It's signature figures
Accuracy in science refers to how close a measurement or result is to the true value or accepted value. It quantifies the extent of error present in a measurement or experiment. High accuracy indicates that the measured values are close to the target value, while low accuracy indicates a significant deviation.
Accuracy.
If your question is in economics, try there. If your desired True Value is in measurements, then ASTM and similar folk have useful definitions. The True Value of a measurement is the value to which many individual measurements taken by different methods and different experimenters tend. They go on to define Repeatability as the closeness of repeated measurements using the same apparatus etc. And the Reproducibility is the closeness of results achieved by different measurements with different apparatus.
Accuracy refers to how close a measurement is to the true value, while precision relates to how consistent repeated measurements are to one another. In other words, accuracy describes the closeness of a measurement to the true value, while precision describes the repeatability of the measurements.
Accuracy describes how close a measurement is to the true value.
A percentage error for a measurement is 100*(True Value - Measured Value)/True Value.