Mean Absolute Error (MAE) and Root mean squared error (RMSE) are two of the most common metrics used to measure accuracy for continuous variables. Not sure if I’m imagining it but I think there used…
Interests.
Database Systems, Data Mining, Statistical Modelling, Distributed Computing.
Saket joined IBM Research Australia in 2013 as a full-time researcher. He received a PhD degree in Computer Science from EPFL, Switzerland under Prof. Karl Aberer in March, 2013. At EPFL he was associated with the Distributed Information Systems Laboratory. Before that he received a Master's (M.Tech.) degree in Electrical Engineering from IIT Bombay in 2006. Prior to joining EPFL, he spent one year working for an Indian startup.
M. Pesaran, T. Schuermann, and L. Smith. International Journal of Forecasting, 25 (4):
642 - 675(2009)Special section: Decision making and planning under low levels of predictability.