RELATIVE STATISTICAL ERROR title: relative statistical error (MM-IM) (SAP Library - Glossary)
RELATIVE STATISTICAL ERROR category: Inventory Management (MM-IM)
RELATIVE STATISTICAL ERROR explained:
An error that can occur in a sample-based physical inventory.
In combination with the probable degree of confidence (confidence level), the relative statistical error is a criterion for assessing the reliability of the estimate made based on the samples taken.
A relative statistical error and a probable degree of confidence are predefined for each inventory sampling procedure. A sample-based physical inventory is successful if, in addition to other criteria being satisfied, it can be claimed with the probable degree of confidence specified that the possible error between the estimated and actual (unknown) value is smaller than the predefined relative statistical error.
More terms such as relative statistical error in Dictionary R.
- Manual Revision Scope:
- Help exchanged subsequently in an IPM contract item that has already been billed (and for which payment may already have been made). This leads to automatic transfer postings in FI etc. A distinction relative statistical error definition.
- Manual Relational Database:
- Help typically large amounts of information, structured in accordance with the relational model, in tables with columns. A relational database is created and administered by a relational database relative statistical error explain.
- Manual Retroactive Accounting:
- Help repeated for a period for which payroll accounting has already been performed in the payroll past. Retroactive accounting is triggered during the payroll run for the current period if certain master relative statistical error what is.
- Manual Run Chart:
- Help representation of measured or mean values across a time axis. Usually tolerance limits, the target value, or the center line are entered. Unlike a control chart, no action limits are displayed in relative statistical error meaning.
- Manual Retractor:
- Help returns data from the SAP Business Information Warehouse (SAP BW) back to a source system. Retractors enable SAP BW data to be used in the source system. Whereas extractors are essential for data relative statistical error abbreviation.
