Using the AVERAGEA() function, we can calculate the mean absolute error in Excel. The steps below show a simple process of calculating the mean absolute error in Excel: We’ll load a sample dataset that contains 10 different data points, including predicted and actual values.
#CALCULATE MEAN IN EXCEL HOW TO#
Let’s now dive into how to calculate the mean absolute error in Excel. In the section above, you learned how to calculate the mean absolute error from a theoretical standpoint. How to Calculate the Mean Absolute Error in Excel While the formula may look complicated, the actual process is quite simple! In the following section, let’s dive into how to calculate the mean absolute error in Excel. Calculate the absolute value of this difference.Calculate the difference between the actual and observed value for each record.In order to calculate the mean absolute error, you can simply follow the steps below: Let’s take a look at the formula for the mean absolute error: The formula for the mean absolute error However, rather than returning a percentage value, the mean absolute error returns a value that matches the unit of the observations. The mean absolute error is closely related to the mean absolute percentage error. Because the mean absolute error calculates the absolute difference, the MAE doesn’t factor in whether a prediction was too high or too low.
The mean absolute error describes how far, on average, the model’s predicted values are away from the observed values. Understanding the Mean Absolute Error (MAE)
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