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