Mean Squared Error (MSE)

The MSE metric measures the average of the squares of the errors, that is  the average squared difference between the estimated values and the actual value. The MSE is a measure of the quality of an estimator—it is always non-negative, and values closer to zero are better.

Tip: MSE is sensitive to outliers. If you want a more robust metric, try mean absolute error (MAE).

© Evispot 2022 All rights reserved.

Machine learning in credit decisions

Leveraging machine learning for smarter lending and obtain insights into the technology behind 100% transparent machine learning models.

A link to download the file will be sent to your inbox.