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| a variable represented by data set | ||||||||
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| predictor of estimator of variable | ||||||||
| discrete set of numerical samples of variable | ||||||||
| discrete set of predictors for the corresponding samples of variable |
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The upper value of MSE is not limited and defined by the variable and its predictor, which can be troublesome in computations.
There are many normalised measures normalized measures of prediction quality which are more comfortable for computations, with Coefficient of determination (R2) being the most popular.
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