Table 4 The criteria for MAPE and RMSPE
MAPE and RMSPE | Forecasting power |
|---|---|
<10% | Highly accurate forecasting |
10-20% | Good forecasting |
20-50% | Reasonable forecasting |
>50% | Inaccurate forecasting |
MAPE and RMSPE | Forecasting power |
|---|---|
<10% | Highly accurate forecasting |
10-20% | Good forecasting |
20-50% | Reasonable forecasting |
>50% | Inaccurate forecasting |