Forecasting Performance
This reference manual section covers NumXL's forecast performance functions, including absolute error measures such as SSE and MSE, as well as relative error measures like RAE, MAPE, and PB.
- SSE - Sum of Squared Errors
- MSE - Mean Squared Error
- GMSE – Geometric Mean Squared Error
- SAE - Sum of Absolute Errors
- MAE - Mean Absolute Error
- RMSE - Root Mean Squared Error
- RMSD - Root Mean Squared Deviations
- GRMSE – Geometric Root Mean Square Error
- MAPE - Mean Absolute Percentage Error
- MdAPE - Median Absolute Percentage Error
- MAAPE - Mean Arctangent Absolute Percentage Error
- MRAE – Mean Relative Absolute Error
- MdRAE - Median Relative Absolute Error
- GMRAE – Geometric Mean Relative Absolute Error
- MASE - Mean Absolute Scaled Error
- PB - Percentage Better
- MDA - Mean Directional Accuracy