Experiment 4 - Faraday's Law (iOLabs)Error Analysis Experiment 1 As stated earlier, by noting the direction of the magnetic field and the direction of acceleration of the magnet (up or down), you will be able to predict the direction of the induced current. Therefore, in the lab report, you should explain each configuration, what you expected, and whether your data matched those expectations. Experiment 2 You should use percent difference to compare the theoretical value of the magnetic flux to the experimental value. The experimental value is obtained from the slope of your plot and the theoretical value is obtained from calculations as explained in the previous slide