Ībsolute: A calculation that only outputs positive numbers because it uses the absolute value symbol, |x|. Mean: A reference that you are using this formula to calculate the average difference instead of a single measured difference. SymmetricAn equation that compares both predictions that are over and predictions that are under the actual outcome. Here's what the letters mean in more detail: The SMAPE formula is a calculation you can perform to find the symmetric mean absolute percentage error. Related: Forecasting: Explanation, Categories and Examples What is the SMAPE formula? In this article, we discuss what the SMAPE formula is, review why it's important and look at four methods for using it to make calculations. Knowing what the SMAPE formula is and the benefits of using it can help you make better financial decisions. SMAPE, or symmetrical mean absolute percentage error, is one calculation that you can use to check the accuracy of your forecasting methods. Measuring the accuracy of your forecasting tools can help you make better predictions in the future.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |