Measuring Forcast Accuracy using Mean Error, MAE, MSE, MPE, MAPE
6:49
YouTubeData analyst
Measuring Forcast Accuracy using Mean Error, MAE, MSE, MPE, MAPE
In this video, we’ll dive into the world of time series analysis by learning how to measure the accuracy of forecasts using key metrics. Watch as we walk through the calculations step-by-step, using a small dataset to explain: Mean Error (ME): Understand forecast bias and whether our predictions tend to be over or under the actual values ...
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