I do it by eye, we really are not talking about rocket engines, we want paint that's not so thin it requires 20 coats, but thin enough to spray.
I never had an airbrush before, but within 20 minutes of "playing" I could see if the mix was right, I stir it, then just place a drop on the inside of the mixing jar, you can see straight away if it's right by watching it run down the glass.