MVRS's measuring principles are based on the Doppler principle. It measures the velocities near the muzzle using the doppler signal output from the antenna and then predicts the velocity of the bullet leaving the muzzle by performing the regression analysis on previous measured velocities. There are a number of error sources when calculating the muzzle velocity. Antenna has long term frequency stability error and the doppler signal from the antenna has noise. These two error sources influence the accuracy of estimated velocities from the doppler signal. Estimated velocity errors result in the random error of data statistics. And when performing a regression analysis these random error components are transferred to the fitting error component. This study also analyzed the error components according to the hardware limitations of MVRS-700 and the signal processing method, and presented the calculated uncertainty of muzzle velocity.