2016
DOI: 10.1016/j.neucom.2015.12.114
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Mean Absolute Percentage Error for regression models

Abstract: We study in this paper the consequences of using the Mean Absolute Percentage Error (MAPE) as a measure of quality for regression models. We prove the existence of an optimal MAPE model and we show the universal consistency of Empirical Risk Minimization based on the MAPE. We also show that finding the best model under the MAPE is equivalent to doing weighted Mean Absolute Error (MAE) regression, and we apply this weighting strategy to kernel regression. The behavior of the MAPE kernel regression is illustrate… Show more

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Cited by 815 publications
(320 citation statements)
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“…With this approach we have successfully obtained a line comparable to the Least squares line (11) as shown in Figure 4. The Geometric regression line (12) has a lesser GMSE(2.123238) compared to the GMSE(2.7895) of the Least square line(See Table 1).…”
Section: Resultsmentioning
confidence: 82%
See 1 more Smart Citation
“…With this approach we have successfully obtained a line comparable to the Least squares line (11) as shown in Figure 4. The Geometric regression line (12) has a lesser GMSE(2.123238) compared to the GMSE(2.7895) of the Least square line(See Table 1).…”
Section: Resultsmentioning
confidence: 82%
“…Squared relative error is also widely used. A detailed explanation of the Least Absolute relative error(LARE) coefficient estimation procedure can be found in [6], [10] & [11].…”
Section: The Least Absolute Relative Error Estimation Methodsmentioning
confidence: 99%
“…After the required input data was obtained, the training session was carried out with the aim of achieving the NN model. Subsequently, the test data set was utilized to determine the predicted probability Markov Chain matrix, such that these results could be compared with the actual results using several measurement errors (Chai and Draxler, 2014;de Myttenaere et al, 2015).…”
Section: Methodsologymentioning
confidence: 99%
“…These indexes are regularly employed in model evaluation studies and their expressions are as follows [40][41][42]:…”
Section: Index Assessmentmentioning
confidence: 99%