Understanding Forecast Accuracy Metrics: MAPE vs. SMAPE | L - 19

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  • Опубліковано 20 гру 2024

КОМЕНТАРІ • 2

  • @jimmyv10s
    @jimmyv10s 3 місяці тому +1

    The formulas for SMAPE change - On some slides it shows Forecast - Actual on the numerator for SMAPE and on another it is Actual - Forecast.

    • @professorrahuljain
      @professorrahuljain  3 місяці тому +2

      The numerator can be written either as ∣Forecast i ​ −Actual i ​ ∣ or ∣ Actual i ​ −Forecast i ​ ∣. This difference doesn't change the outcome because the absolute value operation makes the order of subtraction irrelevant.
      So whether you see "Forecast - Actual" or "Actual - Forecast," the result remains the same due to the absolute value, and both versions are correct.