In order to provide a relative measure of the absolute error, one should use the
A) MSE
B) MAD
C) MAPE
D) RSFE

Name: In order to provide a relative measure of the absolute error, one should use the A) MSE B) MAD C) MAPE D) RSFE
Brand: Quizplus
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Question

Quizplus · Accepted Answer

MAPE (Mean Absolute Percentage Error) provides a relative measure of the absolute error by expressing the error as a percentage of the actual values, making it useful for comparing the accuracy of different models or forecasts across different scales.

In Order to Provide a Relative Measure of the Absolute