misstatement vs error

misstatement and error both are nouns.

Word	Noun	Adjective	Verb	Adverb
misstatement	Yes	No	No	No
error	Yes	No	No	No

As nouns, error is a hyponym of misstatement; that is, error is a word with a more specific, narrower meaning than misstatement:

Other hyponyms of misstatement include mistake, malaprop, malapropism, slip of the tongue.

misstatement (noun)	error (noun)
a statement that contains a mistake	a wrong action attributable to bad judgment or ignorance or inattention
	(baseball) a failure of a defensive player to make an out when normal play would have sufficed
	inadvertent incorrectness
	departure from what is ethically acceptable
	a misconception resulting from incorrect information
	part of a statement that is not correct
	(computer science) the occurrence of an incorrect result produced by a computer