Mean absolute percentage error and bias in economic forecasting

Jordi McKenzie*

*Corresponding author for this work

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

This article develops a simple theoretical framework to show how forecasters may bias downward point predictions under the assumption that the asymmetric loss function is directly related to the (Mean) Absolute Percentage Error (M). APE.

Original languageEnglish
Pages (from-to)259-262
Number of pages4
JournalEconomics Letters
Volume113
Issue number3
DOIs
Publication statusPublished - Dec 2011
Externally publishedYes

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