If the true value is t and the calculated or measured value is v then absolute error = |v - t|, the absolute value of (v - t).
If v >= t then the absolute value is v - t
if v <= t then the absolute value is t - v.
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brifly explain about the absolute error?
55.3
You calculate the mean.For each observation, you calculate its deviation from the mean.Convert the deviation to absolute deviation.Calculate the mean of these absolute deviations.
The mean absolute percent prediction error (MAPE), .The summation ignores observations where yt = 0.
By definition of percent error, you can't. But you can approximate zero instead, with the number of decimals appropriate to the accuracy of the measurement, e.g. 0.01, 1E-100, etc.