truncation error |
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Definition
Error caused by dropping the trailing digits of a figure (number); such as by reducing 99.987 to 99.98 or 99.9. Whereas such errors may be harmless in manual computations, they can become serious mistakes in computer calculations involving thousands or millions of mathematical operations. Compare with rounding error.
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truncation error is in the Accounting & Auditing, Banking, Commerce & Finance and Statistics, Mathematics, & Analysis subjects.
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