Such functions include the mean squared error, root mean squared error, mean absolute error, relative squared error, root relative squared error, relative absolute error, and others.
12.
Another method can involve statistically calculating the errors in the forecasting calculation and expressing them in terms of the root mean squared error, thereby providing an indication of the overall error in the method.
13.
The root mean square error of approximation ( RMSEA ) avoids issues of sample size by analyzing the discrepancy between the hypothesized model, with optimally chosen parameter estimates, and the population covariance matrix.
14.
Forecast skill for single-value forecasts is commonly represented in terms of metrics such as correlation, root mean squared error, mean absolute error, relative mean absolute error, bias, and the Brier score, among others.
15.
Mean square error or "'mean squared error "'( abbreviated MSE ) and root mean square error ( RMSE ) refer to the amount by which the values predicted by an estimator differ from the quantities being estimated ( typically outside the sample from which the model was estimated ).
16.
A 2001 paper by Roy Batchelor of City University Business School, London compared the Consensus Forecasts with forecasts made by the International Monetary Fund ( IMF ) and the OECD . The study found : " With few exceptions, the private sector forecasts are less biased and more accurate in terms of mean absolute error and root mean square error.
