Definition: Accuracy

Category: OECD terminology

Closeness between the estimated value and the true value measured by the statistic (usually unknown). https://ec.europa.eu/eurostat/cros/content/memobust-glossary-pdf-file_en
Source:
Eurostat, ESSnet "Memobust", "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), March 2014
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