aabse {termstrc}R Documentation

Average Absolute Mean Error

Description

Calculation of the average absolute mean error (AABSE). The AABSE may also be called mean absolute error (MAE).

Usage

aabse(actual, estimated)

Arguments

actual vector, consisting of the observed values.
estimated vector, consisting of the estimated values.

Details

Calculation of the AABSE according to the formula:

mbox{AABSE}=frac{1}{m}|bm{ε}|bm{iota},

whereas bm{ε} is the vector of the yield or price errors of the bonds and bm{iota} is a column vector filled with ones. m is the number of bonds, for which bm{ε} has been calculated.

See Also

rmse


[Package termstrc version 1.1 Index]