MSE is calculated by. The absolute error is then divided by the true value resulting in the relative error which is multiplied by 100 to obtain the percentage error. It also returns other related information including the calculation steps sum count and more.
The AGGREGATE function can also ignore errors when calculating an average.
How is the error calculated in a linear regression model. The order does not matter if you are dropping the sign taking the absolute value. The absolute error is then divided by the true value resulting in the relative error which is multiplied by 100 to obtain the percentage error. To calculate MAPE in Excel we can perform the following steps.