Resource title

Error Analysis

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image for OpenScout resource :: Error Analysis

Resource description

The analysis of errors in business and economic statistics involves identifying and gauging the gap between a statistical estimation and the underlying reality the statistic is intended to portray. Put simply, most statistics are assumed to be affected by one or more forms of error, whether it be from faulty sampling, inexact mathematical modeling of complex phenomena, random events that skew measurements, or other sources.

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Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Ent-Fac/Error-Analysis.html

Resource license

Copyright © 2011 Advameg, Inc.