Search: RMSEs
RBA Glossary definition for RMSEs
RMSEs – Root Mean Squared Errors
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Introduction
16 May 2008
RDP
2008-02
2007). While point forecast combinations are usually evaluated according to root mean squared errors (RMSE), the criteria for evaluating density forecasts are less clear cut.
https://www.rba.gov.au/publications/rdp/2008/2008-02/introduction.html
Combining the Model Forecasts
16 May 2008
RDP
2008-02
This makes the predictive likelihood appealing when evaluating density forecasts from different models, although the ranking of models could be quite different to that obtained according to RMSEs based on point
https://www.rba.gov.au/publications/rdp/2008/2008-02/com-mod-forecasts.html
Evaluating Density Forecasts
16 May 2008
RDP
2008-02
For point forecasts, accuracy is usually interpreted to mean that the forecast errors are unbiased and small according to RMSEs.
https://www.rba.gov.au/publications/rdp/2008/2008-02/eva-den-forecasts.html