Sentences with phrase «average prediction error»

Not exact matches

The Root MSE tells us that the models are on average 3 to 5 percentage points out on the change in share of the council seats won, which is a big average error for a prediction model when there are thousands of seats up for election.

Polling predictions were closer in the regional vote, with all three pollsters have an average error below 2 % on the 4 main parties.

But a study by James Montier and Rui Antunes of Dresdner Kleinwort, an investment bank, found that the average forecasting error on such predictions was 43 % over 12 months and 95 % over two years.

In effect, MAE quantifies the average magnitude of the errors in a set of predictions without considering their sign.

The average of the squared resulting prediction errors will start to rise when too many PLS components are used.