Absolute Error Formula
Absolute error is defined as the magnitude of difference between the actual and the individual values of any quantity in question.

Say we measure any given quantity for n number of times and a₁, a₂ , a₃ …..a_n are the individual values then

Arithmetic mean a_m = [a₁+a₂+a₃+ …..a_n]/n

a_m= [Σ_i=1ⁱ⁼ⁿ a_i]/n

Now absolute error formula as per definition =
Δa₁= a_m – a₁
Δa₂= a_m – a₂
………………….
Δa_n= a_m – a_n

Mean Absolute Error= Δa_mean= [Σ_i=1ⁱ⁼ⁿ |Δa_i|]/n
Note: While calculating absolute mean value, we dont consider the +- sign in its value.

Relative Error or fractional error
It is defined as the ration of mean absolute error to the mean value of the measured quantity
δa =mean absolute value/mean value = Δa_mean/a_m

Percentage Error
It is the relative error measured in percentage. So
Percentage Error =mean absolute value/mean value X 100= Δa_mean/a_mX100

An example showing how to calculate all these errors is solved below
The density of a material during a lab test is 1.29, 1.33, 1.34, 1.35, 1.32, 1.36 1.30 and 1.33

So we have 8 different values here so n=8

Mean value of density u= [1.29+1.33+1.34+1.35+1.32+1.36+1.30+1.33] / 8 = 1.3275 = 1.33 (rounded off)

Now we have to calculate absolute error for each of these 8 values
Δu₁ = 1.33 – 1.29 = 0.04
Δu₂ = 1.33 – 1.33= 0.00
Δu₃ = 1.33 – 1.34= -0.01
Δu₄ = 1.33 – 1.35= -0.02
Δu₅ = 1.33 – 1.32= 0.01
Δu₆ = 1.33 – 1.36= -0.03
Δu₇ = 1.33 – 1.30= 0.3
Δu₈ = 1.33 – 1.33= 0.00

Now remember we don’t take +- signs in calculating Mean absolute value
So mean absolute value = [0.04+0.00+0.01+0.02+0.01+0.03+0.03+0.00]/8 = 0.0175 = 0.02 (rounded off)

Relative error = +- 0.02/1.33 =+- 0.015 = +- 0.02

Percentage error = +- 0.015*100 = +- 1.5%

For using this formula we need to first keep in mind that this formula is used only when the quantities are expressed in absolute units. i.e. in terms of Mass Length and Time.

Terms used in this formula
n₁ – Numerical Value in system 1
n₂ -Numerical Value in system 2
u₁ – Unit of Measurement in system 1
u₂ – Unit of Measurement in system 2
M₁ – Fundamental Unit of mass in system 1
M₂– Fundamental Unit of mass in system 2
L₁– Fundamental Unit of length in system 1
L₂– Fundamental Unit of length in system 2
T₁– Fundamental Unit of Time in system 1
T₂– Fundamental Unit of Time in system 2
a = Dimensions of Mass
b = Dimensions of Length
c = Dimensions of Time

Formula to convert is
n₂= n₁u₁/ u₂ = n₁[M₁/M₂]^a[L₁/L₂]^b[T₁/T₂]^c

Example showing how this formula works
How to convert 1 Newton to Dyne

We know the dimensional formula of Force F = [M¹ L¹ T^-2]

So a =1, b=1, c=-2
Now because Newton is in m.k.s system, we have
M₁ = 1kg
L₁ = 1m
T₁ = 1s

M₂ = 1g
L₂ = 1cm
T₂ = 1s

n₁= 1 Newton
n₂ = we have to find

Using the formula
n₂= n₁[M₁/M₂]^a[L₁/L₂]^b[T₁/T₂]^c

n₂=1 [1kg/1g]¹[1m/1cm]¹[1s/1s]^-2

n₂=1[1000g/1g]¹[100cm/1cm]¹x1
n₂=1000*100 = 100000 = 10⁵

Hence 1 Newton = 10⁵dyne

Moment of Inertia is defined as the product of mass and the square of the perpendicular distance to the specified axis of rotation.

Mathematically,

Moment of Inertia is defined as the product of mass and the square of radius of gyration

Moment of Inertia = Mass X (Radius of Gyration)²

Now we know
Dimensional Formula of Mass= (M¹L⁰T⁰)
Dimensional Formula of Radius of Gyration= (M⁰L¹T⁰)

(Radius of Gyration)²=M⁰ L² T⁰

Putting these values in above equation we get
Dimensional Formula of Moment of Inertia= M¹L²T⁰
SI unit of Moment of Inertia is kg m²

Radius of Gyration is denoted by K and has the same dimensional formula as distance.

Its relation out of Mass, Length and Time is only with Length and thus
Radius of Gyration = Distance ( Dimensionally only)

Dimensional Formula of Radius of Gyration= M⁰L¹T⁰
SI unit of Radius of Gyration is m

Coefficient of Elasticity is defined as the ratio of stress and strain.
Mathematically

Coefficient of Elasticity = Stress/Strain

Now we know
Strain= Change in dimension/Original dimension
Stress = Force/ Area
Thus
Dimensional Formula of Stress= (M¹L^-1T^-2)
Dimensional Formula of Strain= (M⁰L⁰T⁰)

Putting these values in above equation we get
Dimensional Formula of Coefficient of Elasticity= M¹L^-1T^-2
SI units of Coefficient of Elasticity is Nm^-2

Please note the units of Coefficient of Elasticity are same as that of Stress, Pressure because Strain has no units.