Error metric

An Error Metric is a type of Metric used to measure the error of a forecasting model. They can provide a way for forecasters to quantitatively compare the performance of competing models. Some common error metrics are:


 * Mean Squared Error (MSE)
 * Root Mean Square Error (RMSE)
 * Mean absolute error (MAE)
 * Mean Absolute Scaled Error (MASE)
 * Mean Absolute Percentage Error (MAPE)
 * Symmetric Mean Absolute Percentage Error (SMAPE)