P40Machine LearningBeginnerCalculate10 min
Residuals and Model Error
Calculate residuals, absolute errors, and MAE.
#regression#residuals#mae
Scenario
Actual/predicted demand: A 100/90, B 80/92, C 120/110, D 60/65.
Problem statement
Use residual = actual minus predicted.
Your Task
- Calculate residuals.
- Calculate absolute errors and MAE.
- Identify the worst prediction.
- Explain signed-error cancellation.
Related Concepts
RegressionMAEPredictions
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