Super Glossary
Accuracy
Science / Chemistry / Accuracy
Accuracy: Compare with precision and trueness. Accuracy is the correctness of a single measurement. The accuracy of a measurement is assessed by comparing the measurement with the true or accepted value, based on evidence independent of the measurement. The closeness of an average to a true value is referred to as 'trueness'.
Related Words
Accuracy: Is the correctness of a measure when comparing to a known standard. See also resolution and precision.
January Barometer: A statistic from 'The Stock Traders Alamanac' reflecting, with 88% accuracy, that the overall stock market rises in a year when the S&P is up in the month of January and drops when the index . . . View Full Definition
Informationless Trades: The speed and accuracy with which prices reflect new information.
Systematic Error: Systematic errors have an identifiable cause and affect the accuracy of results.
Word of the Day:
Malty: An aromatic sensation created by a moderately volatile set of aldehydes and ketones that produces sensations reminiscent of toasted grains.