Synonym: Maximum Absolute Percentage Relative Error (MAXAPEMAXARE) = Maximum Relative Absolute Percentage Error (MAXREMAXAPE)
Statistical metric characterizing the model prediction quality ( goodness of fit ) between the datasets of a given variable
and its estimatorLaTeX Math Inline body x
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{\rm MAXARE} = 100\% \cdot {\rm max} \left\{ \left| \frac{ \hat x_k - x_k }{ x_k } \right| \right\}_{k = 1..N} |
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