Non-Sampling Error

Dictionary Says

Definition of 'Non-Sampling Error'

A statistical error caused by human error to which a specific statistical analysis is exposed. These errors can include, but are not limited to, data entry errors, biased questions in a questionnaire, biased processing/decision making, inappropriate analysis conclusions and false information provided by respondents.
Investopedia Says

Investopedia explains 'Non-Sampling Error'

Non-sampling errors are part of the total error that can arise from doing a statistical analysis. The remainder of the total error arises from sampling error. Unlike sampling error, increasing the sample size will not have any effect on reducing non-sanpling error. Unfortunately, it is virtually impossible to eliminate non-sampling errors entirely.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Heteroskedasticity

    In statistics, ...
  2. Control

    1. The use of ...
  3. Standard Error

    The standard ...
  4. Standard Deviation

    1. A measure of ...
  5. Coefficient Of Variation - CV

    A statistical ...
  6. Kurtosis

    A statistical ...
  7. Sampling Error

    A statistical ...
  8. Statistics

    A type of ...
  9. Sample Selection Bias

    A type of bias ...
  10. Absolute Frequency

    A statistical ...

Articles Of Interest

  1. Using Historical Volatility To Gauge Future Risk

    Use these calculations to uncover the risk involved in your investments.
  2. Why The Consumer Price Index Is Controversial

    Find out why economists are torn about how to calculate inflation.
  3. A Guide To Conference Board Indicators

    Learn to put the CB data sets to trading use. Each chapter takes you through one of the board's benchmark indicators or surveys, their significance and their applications.
  4. Should You Invest Your Entire Portfolio In Stocks?

    It is true that stocks outperform bonds and cash in the long run, but that statistic doesn't tell the whole story.
  5. The Uses And Limits Of Volatility

    Check out how the assumptions of theoretical risk models compare to actual market performance.
  6. Risk Tolerance Only Tells Half The Story

    Just because you're willing to accept a risk, doesn't mean you always should.
  7. 5 Tips For Diversifying Your Portfolio

    A diversified portfolio will protect you in a tough market. Get some solid tips here!
  8. Invest Like A Pro

    By following the strategies of the pros, even a beginner can learn to invest like an expert.
  9. 5 Nobel Prize-Winning Economic Theories You Should Know About

    Here are 5 prize-winning economic theories that you’ll want to be familiar with.
  10. Okun's Law: Economic Growth And Unemployment

    Learn about Okun's Law, why it is important and how it stood the test of time since first being published.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center