Understanding Forecast Accuracy Metrics: MAPE vs. SMAPE | L - 19
https://youtu.be/b9_SS-xcil0
In this video, we dive into two important forecast accuracy metrics: MAPE (Mean Absolute Percentage Error) and SMAPE (Symmetric Mean Absolute Percentage Error). Learn the differences between these metrics and when to use each for assessing the accuracy of your forecasts.
Key Topics Covered: 1. Explanation of MAPE and SMAPE 2. Calculation methods and formulas 3. Interpretation and comparison of results 4. Examples and practical applications
#ForecastAccuracy #MAPEvsSMAPE #DataAnalysis #Forecasting #Metrics #DataScience
Forecast accuracy metrics, MAPE, SMAPE, Mean Absolute Percentage Error, Symmetric Mean Absolute Percentage Error, Forecasting metrics, Data analysis, Data science, Forecast accuracy comparison, Forecast evaluation, Forecast performance, Forecasting techniques.
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