Predictive Intelligence · Free Practice Question Easy
Question 4
(P) Which of the following resulting model statistics for the Predictive Intelligence Regression solutions does indicate the percentage of actual values between a predicted range?
- A Range Accuracy
- B Average Interval Width
- C Mean Absolute Error (MAE)
- D Symmetric Mean Absolute Percentage Error (SMAPE)
Reveal correct answer
Correct answer: A
Explanation
Range Accuracy is the percentage of actual values between a predicted range. In other words, it's the range between the upper and lower bounds of the prediction. For example, if four out of five actuals lie within the predicted range, the range accuracy is 80%. Mean Absolute Error (MAE) which measures the mean deviation of a predicted value from the actual value. Symmetric Mean Absolute Percentage Error (SMAPE) is a percentage value of the deviation from the predicted to the actual. Average Interval Width is the difference between the upper and lower bounds of the prediction.
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