Accuracy

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Accuracy

The state of being correct or true. Accuracy is important both in measuring present data and predicting future data. An accurate analyst or forecaster is rewarded with influence (and often bonuses), while a consistently inaccurate one rarely remains with a company.
References in periodicals archive ?
Why is it necessary to test for both accuracy and precision in liquid delivery?
Both accuracy and precision are necessary in order to ensure that results are valid.
Food and Drug Administration sets high standards for ensuring that calibrated equipment meets pre-established accuracy and precision limits: