Questions tagged [scaled]

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Interpretation of scaled error measures

can someone give me an explanation on how one would interpret the result of a scaled error measure. For example the Mean Absolute Scaled Measure (MASE). The numerator is the mean absolute error and ...
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Interpretation of OLS: Scale dependent variable by independent variable instead of including it in the regression model

How does the interpretation on the coefficient of X in this OLS model: Y(Profit in €) = b0 + b1 X + b2 X2 (Firm Size in €) + e change if I rewrite the model as Y(Profit in €) / X2(Firm Size in €) = b0 ...
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How to interprete a scaled response variable as an unscaled response variable?

I'm new to R and I'm having trouble to interpret the estimates of my scaled response variable. I used (scale) function to standardize all my variables (1 response ...
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610 views

Confused about h-step ahead forecasts

I have 12 months of in-sample data and 12 months of out-of-sample data. I'm trying to calculate the scaled error for an h-step ahead forecast where h=1, 6 and 12. Do I just calculate the error at ...
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702 views

Normalised binomial random variable

Assume $Z$ is a Binomial random variable with a distribution function $$ f(z)=\binom{n}{z}p^z(1-p)^{n-z} $$ What is the distribution of the random variable $Z/n$? Does it have a name? Any close form ...