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Forecast Accuracy
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10:51
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Dr. Dawn : Stats, Data and AI - Dawn Wright Ph.D.
How to Evaluate MAD, MSE, RMSE, and MAPE for an Excel Forecast
Using the previous Excel example https://youtu.be/H_N5_vxs8Tg , I show the strengths and weakness of the MAD, MSE, RMSE and MAPE error metrics. Learn more at http://www.drDawnWright.com You can download the Excel worksheet here: http://www.drdawnwright.com/?p=15718
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