In general, this takes 4 pieces of equipment -
- An equalizer
- A spectrum analyzer or a Real Time Analyzer (RTA)
- A pink-noise generator
- A calibrated microphone.
Most RTAs include a calibrated microphone and pink noise generator. I have an all-in-one unit, something like
this.
P.SHuman hearing is not flat and it's not linear.* And as Chromatix mentioned, you don't want to compensate for human hearing. You want to reproduce the "original sound", as recorded. You
can compensate (to some extent) for room effects and weaknesses or irregularities in your speaker's frequency-response.
* The ear's frequency response (frequency sensitivity) varies with the loudness. The non-linearity is why the "loudness" control on a stereo system boosts the low frequencies (and sometimes the high frequencies) at low volumes. The famous
Fletcher-Munson show the average human frequency-sensitivity at various loudness levels.