Construct · 1 fields · 1 citations

mean absolute percentage error: a standalone construct

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Forecasting

the average absolute forecast error expressed as a percentage of actual values, a scale-free accuracy measure that breaks down near zero.

In forecasting, mean absolute percentage error refers to the average absolute forecast error expressed as a percentage of actual values, a scale-free accuracy measure that breaks down near zero. This meaning comes from Hyndman (2006) in International Journal of Forecasting.[1]

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Nearby constructs

mean absolute scaled error1 fields · 1 citationsanchor · a standalone construct absolute2 fields · 2 citationsjingle · one word, two constructs accuracy3 fields · 6 citationsjingle · one word, three constructs

References

Hyndman, R. J., & Koehler, A. B. (2006). Another look at measures of forecast accuracy. International Journal of Forecasting, 22(4), 679-688. https://doi.org/10.1016/j.ijforecast.2006.03.001

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