Synonym: Average Percentage Maximum Relative Error (APEMAXRE) = Average Relative Maximum Percentage Error (AREMAXPE)
Statistical metric characterizing the model prediction quality ( goodness of fit ) between the datasets of a given variable
and its estimator LaTeX Math Inline body x
: LaTeX Math Inline body \hat x
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{\rm APEMAXPE} = 100\% %\cdot {\rm max} \max_{k = 1..N}left\{ \frac{ \hat x_k - x_k }{ x_k } \right\}_{k = 1..N} |
See also
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Formal science / Mathematics / Statistics / Statistical Metric
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