Related Words

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

Measurement: Measurement is the collection of quantitative data. Measurement involves comparison of the quantity of interest with a standard called a unit. The comparison is never perfect. As a result, m . . . View Full Definition

Logic Error: An error that the computer never notices, but that you notice because your darn program doesn't do what you want it to do.

Monetary Measurement: The idea that money, as the common medium of exchange, is the accounting unit of measurement, and that only economic activities measurable in monetary terms are included in the accounting model.

Next Generation Water Level Measurement System (NGWLMS): A fully integrated system encompassing new technology sensors and recording equipment, multiple data transmission options, and an integrated data processing, analysis, and dissemination subsystem.

Net Errors And Omissions: In balance of payments accounting, net errors and omissions record the statistical discrepancies that arise in gathering balance of payments data.

Lagrangian Measurement: Observation of a current with a device moving with the current.

Gross Error: Gross errors are undetected mistakes that cause a measurement to be very much farther from the mean measurement than other measurements.

Error Rate: In many cases, it may be acceptable if an input device generates a certain number of errors. This is often referred to as the error rate and the acceptable level will vary according to the i . . . View Full Definition

Error Of Standards: Occurs when a rating is assigned based on impracticable standards established by the rater.