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Gotcha
but still, in the example below you use the "accuracy" into some kind of predictive algorithm or whatev to get a predictiion.....context needed to do that.
Posted below, but felt it would interesting enough to mention alone: MTC has a 2012 accuracy rate of about 76%. RS at 57%. on May 14, 16:55
I'm not totally sure what the %'s mean. can you tell me the avg variance. Thanks for the info! on May 14, 17:03
Not sure on the dollar figure, but my calculations are based on these examples: on May 14, 17:16
you are calculating the average percentage error. correctly, I might add. Cheers. {nm} on May 14, 17:31
uh what? on May 14, 17:06
Please see Roger's and my replies just a couple of posts down. {nm} on May 14, 17:20
If mid-20s is 25 and mid-single digit is 5, then mid-teens should be 15. {nm} on May 14, 17:10
I define "teens" as 13-19, not 11-20 (which I would think to be "mid-double digits"). :) {nm} on May 14, 17:12
Hit enter too soon: 11-20 where 15 be "mid-double digits" {nm} on May 14, 17:13
Wouldn't mid-double digits be between 10-99? Wink {nm} on May 14, 19:56
LOL! Using RS 2012 accuracy %, Battleship could open as high as 86M or as low as 24M. {nm} on May 14, 17:10
This is from using the formula 1 - ABS(Predicted Weekend - Actual Weekend)/Actual Weekend. on May 14, 17:15
Hmmm... supposed to go under alfpaul's post {nm} on May 14, 17:15
Thx for the context at least but still confused on May 14, 17:20
Agreed - it's not perfect, but it is easy to understand and easy to verify, which are advantages. {nm} on May 14, 17:31
Agreed. My application today was simply to find a min-max for Battleship based on MTC's performance so far this year. on May 14, 17:33
Yes. And I'll admit there are probably better measurements and/or terminology that can be used here. I'm just using that formula in my on May 14, 17:19
Gotcha on May 14, 17:24
So... the clarify... MTCs 27 "should" equate to a $35.53 weekend???? {nm} on May 14, 22:54
*to clarify... I am asking to make sure I understand your position.. :) {nm} on May 14, 22:57
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