The _______ error is the average absolute percentage error, shown as a percentage of the actual value, displaying the magnitude of the errors in performance measures.
A) RMSE
B) MAD
C) MAPE
D) ME

Question

Quizplus · Accepted Answer

MAPE stands for Mean Absolute Percentage Error, which is the average of absolute errors divided by actual values, expressed as a percentage. This metric is used to measure the accuracy of a forecasting model by showing the magnitude of errors in relation to actual values.

The _______ Error Is the Average Absolute Percentage Error, Shown