What does MAE stand for?

Mean Absolute Error

This definition appears very rarely and is found in the following Acronym Finder categories:

Science, medicine, engineering, etc.

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Samples in periodicals archive:

Mean absolute error WE) is generally a more appropriate indicator of predictive variability, and is especially suitable in cases of outlying prediction errors.

Predicting urban land prices: a comparison of four approaches/ Zemes ...

Large forecast errors are given more weight in the mean square error than in the mean absolute error.

Evaluation of Norges Bank's projections for 2007

One model may perform worse compared to other model in terms of mean absolute error or root mean square error, but is that difference in performance is significant?

Predictability and trading efficiency of S&P CNX nifty index returns ...

Over a 12-month horizon, the mean absolute error of professional forecasts of the unemployment rate is 0.

Monetary policy

Each method of estimation was compared as mean absolute error (estimate minus actual birth weight), standardized error (absolute error/actual birth weight), and percentage of estimates within 10% of actual birth weight.

Maternal Estimates of Neonatal Birth Weight in Diabetic Patients

In Tables 2 to 3, we give the parameter estimates and the mean square error (MSE), the mean absolute error (MAE), the maximum absolute error (MAXABS) and the Gini index for each country, where MSE = [[[sigma].

An Exponential Family of Lorenz Curves

For instance, even GARCH has a mean absolute error of about 28 basis points and a mean percentage error of around 36%.

The Dynamics of the Australian Short-Term Interest Rate

Under this approach, the weights assigned to the forecasts are based on inverse proportions of their individual accuracy as measured by mean absolute error (MAE).

Forecasting foreign exchange rates using objective composite models