article Open AccessTop 1% cited
Forecasting Error Calculation with Mean Absolute Deviation and Mean Absolute Percentage Error
Journal of Physics Conference Series · 2017 · Vol. 930 · pp. 012002–012002
Ummul Khair✉(Institut Sains dan Teknologi Terpadu Surabaya)Hasanul Fahmi(Institut Sains dan Teknologi Terpadu Surabaya)Sarudin Al Hakim(Institut Sains dan Teknologi Terpadu Surabaya)Robbi Rahim(Universiti Malaysia Perlis)
Abstract
Prediction using a forecasting method is one of the most important things for an organization, the selection of appropriate forecasting methods is also important but the percentage error of a method is more important in order for decision makers to adopt the right culture, the use of the Mean Absolute Deviation and Mean Absolute Percentage Error to calculate the percentage of mistakes in the least square method resulted in a percentage of 9.77% and it was decided that the least square method be worked for time series and trend data.
Forecasting Techniques and ApplicationsStock Market Forecasting MethodsEnergy Load and Power ForecastingAbsolute deviationMean absolute percentage errorMean absolute errorAbsolute (philosophy)StatisticsMean squared errorLeast absolute deviationsMathematicsStandard deviationApproximation error
Citations
310
FWCI
15.07
field-weighted impact
References
9
Percentile
99%
vs. same field & year
Citations per year
References
Surveying stock market forecasting techniques – Part II: Soft computing methods
Expert Systems with Applications · 2008 · 820 citations
Mean Absolute Percentage Error for regression models
Neurocomputing · 2016 · 1,372 citations
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Forecasting Error Calculation with Mean Absolute Deviation and Mean Absolute Percentage Error
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