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Synonym: Maximum Percentage Error (MAXAPE) =
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Maximum Relative Error (MAXRE)
Statistical metric characterizing the model prediction quality ( goodness of fit ) between the datasets of a given variable
and its estimatorLaTeX Math Inline body x
:LaTeX Math Inline body \hat x
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{\rm MAXARE} = 100\% \cdot {\rm max} \left\{ \frac{ \hat x_k - x_k }{ x_k } \right\}_{k = 1..N} |
See also
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Formal science / Mathematics / Statistics / Statistical Metric
Natural Science / System / Model Percentage Error = MAXPE