What is mean absolute percentage error?
Answers
Answered by
1
The ratio of difference between absolute value and experimental value to the absolute value
Answered by
1
It is also called the mean absolute percentage error. It is used to measure the error size in the absolute percentage terms. It is very scale sensitive. In order to define the error, actual value and the forecasted value are used. As the value represented in percentage so it is very easy to understand it.
Similar questions