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