false
Certainly. Precision and accuracy do not mean quite the same thing. All measuring tools need to be recalibrated from time to time against a standard. For instance you can get a very precise reading from a micrometer or vernier gage but if it has not been correctly calibrated the reading will not be accurate.
As per ANSI 12.2 does this simply mean a +/- 2% accuracy ?
to have a goal and to aim for something
to measure forecast accuracy.