Relative mean absolute error against a benchmark (ch. 19 p. 571)

Relative mean absolute error against a benchmark (ch. 19 p. 571)

Usage

morie_relmae(y, yhat, benchmark)

Arguments

y

observed values

yhat

model forecasts

benchmark

benchmark forecasts

Value

list(relmae, mae, benchmae, better, n)

Examples

morie_relmae(y = c(2.5, 1.0, 3.5, 4.0, 2.0, 5.5, 3.0, 6.5), yhat = c(1, 2, 3, 4, 5, 6, 7, 8),
  benchmark = c(1, 2, 3, 4, 5, 6, 7, 8))
#> $relmae
#> [1] 1
#> 
#> $mae
#> [1] 1.5
#> 
#> $benchmae
#> [1] 1.5
#> 
#> $better
#> [1] FALSE
#> 
#> $n
#> [1] 8
#>