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 ?
When should accuracy and precision be investigated?
The US FDA sets high standards for ensuring that calibrated equipment meets pre-established accuracy and precision limits: