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What Is the Difference Between an Absolute Measure of Forecast Error and a Relative Measure of Forec
Absolute errorThe numerical difference between a forecasted quantity and the actual result is known as absolute error. If you predict that you'll run a mile in eight ...
ABSTRACT:The relative abilities of 2, dimensioned statistics—the root-mean-square error (RMSE) and the mean absolute error (MAE)—to describe average model ...
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