Understanding Different Model Error Calculations (TS E6)

In all of statistics not just time series, it is important to understand how model errors are calculated. There is no correct method for calculating model errors however choosing one that meets your needs is important. Every method has pros and cons. The real difference between a true quant and statistician vs a general analyst is that quants and statisticians can tell you why they did everything in the model development process including why they used a specific model error method. In this video we will cover MAPE, MAE, MSE, and RMSE. T-Shirt: https://streamlabs.com/dimitribianco/#/merch