The MAPE calculator determines the mean absolute percentage error (MAPE) for a regression based on the actual and forecasted values.
The mean absolute percentage error (MAPE) is calculated using the following formula:
MAPE = |
|
Σ | | |
|
| | × 100 |
Where,
Σ = Symbol define 'sum',
Ai = Actual value of the ith observation,
Fi = Forecasted (predicted) value of the ith observation,
n = Number of observations or sample size.