Friday, March 7, 2014

Mean Absolute Error (MAE) and Root Mean Squared Error (RMSE)

Link. general:editlink realpath="" xpath="/Knowledge-object/Source/Section/Source/P">Mean absolute error (MAE) general:editlink realpath="" xpath="/Knowledge-object/Source/Section/Source/P[2]">The MAE measures the average magnitude of the errors in a set of forecasts, without considering their direction. It measures accuracy for continuous variables. The equation is given in the library references. Expressed in words,...
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