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Synonym: Average Relative Error (ARE) = Average Percentage Error (APE)


Statistical metric characterizing A number characterizing the model prediction quality (
 goodness of fit ) between the datasets of a given variable

LaTeX Math Inline
bodyx
 and its estimator
LaTeX Math Inline
body\hat x
 
:

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Formal science / Mathematics / Statistics / Statistical Metric 

Natural Science / System / Model