Search: MAEs
RBA Glossary definition for MAEs
MAEs – Major advanced economies
Search Results
Performance of Individual Forecasters
1 Jul 1986
RDP
8609
As expected, forecasters who do well using the MAE criterion also do well using the MSE criterion. ... 01). No forecaster was able to provide forecasts superior to the group mean forecasts in both markets on both the MAE and MSE criteria.
https://www.rba.gov.au/publications/rdp/1986/8609/performance-of-individual-forecasters.html
Benchmark Models and Evaluation Criteria
1 Jul 1986
RDP
8609
The first of these is the mean absolute error (MAE) of the forecasts, which is defined as. ... This measure penalizes large forecast errors to a greater extent that does the MAE criterion.
https://www.rba.gov.au/publications/rdp/1986/8609/benchmark-models-and-evaluation-criteria.html
Forecast Performance of the Group Plan and /us$ Forecasts
1 Jul 1986
RDP
8609
A comparison of the MAE figures in Table 2 shows the group mean AFR survey forecast to have been more accurate than any of the six benchmark forecasting models. ... While the group mean forecast series performed better than all the benchmark forecasting
https://www.rba.gov.au/publications/rdp/1986/8609/forecast-performance-of-the-group-plan-and-$a-us$-forecasts.html
A Comparison of the /US$ and US$/Yen Forecasts
1 Jul 1986
RDP
8609
While the above results from the MAE and direction of movement criteria suggest that there is little to distinguish between the performance of the $A/US$ and US$/Yen forecasts, this
https://www.rba.gov.au/publications/rdp/1986/8609/comparison-of-the-$a-us$-and-us$-yen-forecasts.html