The document discusses an alternate method for calculating MAPE (Mean Absolute Percentage Error), a common metric for evaluating forecast accuracy. It notes the standard MAPE calculation can result in distortions at times and proposes an alternative that addresses this by considering the direction of the forecast error. The document suggests this modified MAPE may provide a more robust measure of forecast error.
The document discusses an alternate method for calculating MAPE (Mean Absolute Percentage Error), a common metric for evaluating forecast accuracy. It notes the standard MAPE calculation can result in distortions at times and proposes an alternative that addresses this by considering the direction of the forecast error. The document suggests this modified MAPE may provide a more robust measure of forecast error.
The document discusses an alternate method for calculating MAPE (Mean Absolute Percentage Error), a common metric for evaluating forecast accuracy. It notes the standard MAPE calculation can result in distortions at times and proposes an alternative that addresses this by considering the direction of the forecast error. The document suggests this modified MAPE may provide a more robust measure of forecast error.