- Mean percentage error
In statistics, the mean percentage error (MPE) is the computed average of percentage errors by which estimated forecasts differ from actual values of the quantity being forecast.
Formula for mean percentage error calculation is:
where at is the actual value of the quantity being forecast, and ft is the forecast.
- Percentage error
- Mean squared error
- Mean squared prediction error
- Minimum mean-square error
- Squared deviations
- Peak signal-to-noise ratio
- Root mean square deviation
- Errors and residuals in statistics
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