Mape

Mape may refer to:

Things

Places

People

Statistics

Computing

See also

Mape, Cova Lima

Mape is a village and suco (municipality) in Cova Lima District, East Timor in the southern Lesser Sunda Archipelago of Southeast Asia. Administratively, it is part of the Zumalai Subdistrict of Cova Lima District. The suco covers an area of 30.59 km², and the population was 308 in the 2010 census.

Notes

Coordinates: 09°09′18″S 125°27′13″E / 9.15500°S 125.45361°E / -9.15500; 125.45361

Mean absolute percentage error

The mean absolute percentage error (MAPE), also known as mean absolute percentage deviation (MAPD), is a measure of prediction accuracy of a forecasting method in statistics, for example in trend estimation. It usually expresses accuracy as a percentage, and is defined by the formula:

where A_t is the actual value and F_t is the forecast value.

The difference between A_t and F_t is divided by the Actual value A_t again. The absolute value in this calculation is summed for every forecasted point in time and divided by the number of fitted points n. Multiplying by 100 makes it a percentage error.

Although the concept of MAPE sounds very simple and convincing, it has major drawbacks in practical application