Forecast Error Calculation with Mean Squared Error (MSE) and Mean Absolute Percentage Error (MAPE)
Ansari Saleh Ahmar
Abstract
Ansari Saleh Ahmar
Abstract
Calculation errors in forecasting a data are very important from a forecasting process. The high level of forecasting accuracy will affect the level of confidence in forecasting decision making.
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Calculation errors in forecasting a data are very important from a forecasting process. The high level of forecasting accuracy will affect the level of confidence in forecasting decision making.
Key concepts: Mean absolute percentage error, Mean absolute error, Mean squared error, Statistics, Mathematics, Mean squared prediction error