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Mape Formula In Excel

Mape Formula In Excel - It evaluates how close our estimate for the target functional gets to the actual functional. I interpreted the mape like, on average, the forecast if off by 14%, which sounds fine for me. The mse is minimized in. But on the other side the mase is greater than 1, which means the model is worse. You'll have to use a different measurement. Why is the mape exceptionally high [closed] ask question asked 6 years, 3 months ago modified 6 years, 3 months ago .but in my case, i can't use mape for some dataset because. It doesn't make sense to calculate percentages of temperatures, for. Mape doesn't make sense when y_true can be zero, because division by zero is not defined. I found an interesting reference about the criteria of a good forecast result based on mape from lewis (1982):

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