Average error definition
Average error means the arithmetic average of the percent registration at light load and at heavy load, giving the heavy load registration a weight of four and the light load registration a weight of one.
Average error means the sum of individual prepackage errors considering their arithmetic sign divided by the number of prepackages in the sample;
Average error means the difference between 100% and the average percent registration as defined in Section 460.370150(d).
More Definitions of Average error
Average error means the difference between 100% and the average percent registration as defined in Section 410.150(d).
Average error here means root mean square error, the square root of the average squared forecast error, which takes into account both bias and variance. See Celasun, O., Lee, J., Mrkaic, M. and Timmerman, A., An Evaluation of World Economic Outlook Growth Forecasts – 2004-17, IMF Working Paper 21/216