I have calculated weibullWeibull parameters namely, shape parameter and scale parameter using five numerical methods: graphical, moment, maximum likelihood, empirical and energy pattern factor methods. Since I need to compare these methods to find out best method, I need to calculate RMSE and R^2$R^2$ for each method. But
But even if I know the formulas for RMSE and R^2$R^2$, I am not being able calculate as I am confused and a bit unfamiliar with the terms used in those formulas. Please refer the following research journalresearch journal and I want to clearly understand about 'Prediction performance of Weibull distribution model' section of the journal. www.ajsc.leena-luna.co.jp/AJSCPDFs/Vol.3(1)/AJSC2014(3.1-08).pdf
My queries regarding 'statistical tests' are:
- How do you calculate 'frequency of weibull' or sometimes it says 'predicted data' ?
- To calculate RMSE and R^2$R^2$, do we use frequency of the data ( observed and predicted) or actual data (e.g wind speed, temperature) ?
I hope you understood my question. Thank you!