Hello
I wanted to ask that how to calculate or see the accuracy in % of the forecasting models i.e ETS and ARIMA
beacuse I am unable to find where Alteryx has calculated the accuracy of the model
~Thank You
Rhitik Krishnani
Hi @Rhitik_Krishnani ,
Can you define what you mean accuracy here? Is it the % difference between each model forecast and the actual data, or is it something like the accuracy statistics (i.e.mean forecast error (ME), the square root of the mean squared forecast errors (RMSE) etc.)?
Thanks,
Angelos
The TS Compare tool outputs accuracy statistics for all models tested. Here is what that looks like from the workflow we were looking at last week:
It sounds like you're looking for MAPE (Mean Absolute Percent Error), which is one of the fields in that accuracy table from the TS Compare tool.
Hello,
So in the other words is it like that ?
100% - MAPE % = Accuracy %
"Accuracy %" isn't the best way to look at it, but yes, you could perform that calculation.