precision
The measure of the stability of an instrument and its capability to give the same measurement over and over again for the same input signal.
Precision is generally considered to consist of a short-term (repeatability) and long-term (reproducibility) component, as given by:
Precision = 1- |Xn - Av(Xn)|/|Av(Xn)|
where Xn = the value of the nth measurement
Av(Xn) = the average value of the set of n measurements
For instance, if you are monitoring a certain constant voltage, let’s say 1 V, and you notice that your measured value changes between measurements, let’s say by 20 m V, then your measurement precision is:
Precision = (1- 20 m V /1V) *100 = 99.998%
This specification is most valuable when you are using the voltmeter to calibrate a device, or when you are performing relative measurements.
%
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