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Results tagged with estimation
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user 91956
This tag is too general; please provide a more specific tag. For questions about the properties of specific estimators, use [estimators] tag instead.
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What is the proper way to measure error for an estimation algorithm?
Please note that I'm not trying to develop an algorithm to do the estimation, but I'm finding a fair measurement to evaluate the accuracy for different estimation algorithms. … formula in the past, but I'm wondering if it has any theories behind it:
$error=abs(x_{estimate}-x_{true})/{max(x_{estimate},x_{true})}$
So is there any better measurement to measure the error for an estimation …
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