Measurement error

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Measurement error

Errors in measuring an explanatory variable in a regression, which leads to biases in estimated parameters.

Measurement Error

The difference between the value of some quantity and the value obtained by measuring it. It is nearly impossible to attain accurate measurements all the time, especially when one uses a single means of calculation. For this reason, when measuring the value of a company or asset, many analysts will check and double-check their work, and perhaps calculate the value using a different method, in order to ensure accuracy. See also: Audit, Due diligence.
References in periodicals archive ?
It also describes the impact of measurement errors and ways to correct them in several statistical models.
But, these methods are prone to measurement errors due to slippage, dirt build-up and day-to-day wear issues.
Since the process gauges the ongoing measurement accuracy, no measurement errors are made.
Parents have previously been warned to avoid using household teaspoons to prevent measurement errors.
In order to determine the measurement errors of the different meters, the signal reading of each meter was divided by the signal reading of the commercial reference meter A (UDT268UVA) (1) when they all measured the same 365 nm source in the figure.
Third, there is a systematic pattern to the RT measurement errors which implies that they are over-optimistic during times of fiscal slippage (and over-pessimistic in times of fiscal tightening).
It contains charged particles that can interfere with radio waves and cause measurement errors in GPS and radio telescopes.
He informed that the meter being manufactured by SSGCL were substandard and due to measurement errors in the locally domestic meters, the company had decided to import 100,000 meters during fiscal year 2008-09.
He informed that the meters being manufactured by SSGCL were Substandard and due to measurement errors in the locally domestic meters, the company had decided to import 100,000 meters during fiscal year 2008-09.
If raters do not adhere to rules, measurement errors may occur that adversely affect the reliability of the measure.
These two measures may, sometimes, diverge because of measurement errors.
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