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@stdlib/stats-incr-mpe

v0.2.2

Published

Compute the mean percentage error (MPE) incrementally.

Downloads

79

Readme

incrmpe

NPM version Build Status Coverage Status

Compute the mean percentage error (MPE) incrementally.

The mean percentage error is defined as

where f_i is the forecast value and a_i is the actual value.

Installation

npm install @stdlib/stats-incr-mpe

Usage

var incrmpe = require( '@stdlib/stats-incr-mpe' );

incrmpe()

Returns an accumulator function which incrementally computes the mean percentage error.

var accumulator = incrmpe();

accumulator( [f, a] )

If provided input values f and a, the accumulator function returns an updated mean percentage error. If not provided input values f and a, the accumulator function returns the current mean percentage error.

var accumulator = incrmpe();

var m = accumulator( 2.0, 3.0 );
// returns ~33.33

m = accumulator( 1.0, 4.0 );
// returns ~54.17

m = accumulator( 3.0, 5.0 );
// returns ~49.44

m = accumulator();
// returns ~49.44

Notes

  • Input values are not type checked. If provided NaN or a value which, when used in computations, results in NaN, the accumulated value is NaN for all future invocations. If non-numeric inputs are possible, you are advised to type check and handle accordingly before passing the value to the accumulator function.
  • Be careful when interpreting the mean percentage error as errors can cancel. This stated, that errors can cancel makes the mean percentage error suitable for measuring the bias in forecasts.
  • Warning: the mean percentage error is not suitable for intermittent demand patterns (i.e., when a_i is 0). Interpretation is most straightforward when actual and forecast values are positive valued (e.g., number of widgets sold).

Examples

var randu = require( '@stdlib/random-base-randu' );
var incrmpe = require( '@stdlib/stats-incr-mpe' );

var accumulator;
var v1;
var v2;
var i;

// Initialize an accumulator:
accumulator = incrmpe();

// For each simulated datum, update the mean percentage error...
for ( i = 0; i < 100; i++ ) {
    v1 = ( randu()*100.0 ) + 50.0;
    v2 = ( randu()*100.0 ) + 50.0;
    accumulator( v1, v2 );
}
console.log( accumulator() );

See Also


Notice

This package is part of stdlib, a standard library for JavaScript and Node.js, with an emphasis on numerical and scientific computing. The library provides a collection of robust, high performance libraries for mathematics, statistics, streams, utilities, and more.

For more information on the project, filing bug reports and feature requests, and guidance on how to develop stdlib, see the main project repository.

Community

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License

See LICENSE.

Copyright

Copyright © 2016-2024. The Stdlib Authors.