Mean absolute error definition

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Mean absolute error

Mean absolute error logo #21000 The mean absolute error is a common measure of forecast error in time series analysis, where the terms `mean absolute deviation` is sometimes used in confusion with the more standard definition of mean absolute deviation. The same confusion exists more generally. ==Related measures== The mean absolute error is one of a number of ways of comparin.....
Found on http://en.wikipedia.org/wiki/Mean_absolute_error
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