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 ?
Accuracy and precision of a measurement are not the only considerations for the selection of physiologic tests or instruments.
Defining accuracy and precision. Retrieved on January 10, 2008, from http://www.encyclopedia.
When should accuracy and precision be investigated?
The achieved accuracy and precision may be attributed--at least in part--to precollection planning.
"The two measurement concepts of accuracy and precision are often used interchangeably - they should not be.
A laboratory should investigate the accuracy and precision of a method when the method is new, the method is questioned because of external quality-control (QC) data, or the validity of the results is questionable.
The most important criteria for C,H,N analysis in the majority of analytical laboratories are for optimal accuracy and precision across a wide range of sample types.