Question

Define absolute error, mean absolute
error, relative error and mean percentage
error.​

Answer 1

Answer:

The definitions are given below:

• Absolute error- It is referred to as the difference between the observed value( measured value) and the expected( true value).
• Mean absolute error- It is the average of all the absolute errors or alternatively the difference between two given continuous variables.
• Relative error- It refers to the absolute error with respect to the known value. It is generally expressed in percentage.
• Mean percentage error- It refers to an average of all the percentage errors which represents the percentage deviation of the observed values from the expected values.

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