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The error of an estimate or prediction is its deviation from the true value, which may be unobservable (e.g., regression parameters), or observable (e.g., future realizations). Use the [error-message] tag to ask about software errors.

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What measurement of error should I use to compare predicted model results to actual measurem...

However as someone with only a brief introductory background in statistics I do not understand the differences in what different error statistics are telling me. … So what would be the best error measurement to find this (with an explanation of what that statistic is actually telling me)? …