Evaluation metrics for Regression | Part - 1
There are 6 evaluations metrics for regression, Those are Mean Absolute Error Mean Square Error Root Mean Square Error Root Mean Square Log Error R-Square Adjusted R-Square Let us discuss the first four evaluation metrics in this article Before diving into the evaluation metrics, let us discuss what is meant by error Error: If you observe the above image, the distance between the actual point and the predicted point on the straight line is called Error Error = Actual Value - Predicted Value If we observe the above table, Error can be either positive or negative If we take the average of all the errors in the dataset, we will be getting the mean error, but if we look closely at the above figure, error values have the possibility of getting both positive and negative, so there are high chances of those values being canceled while doing average Hence we will be taking the Absolute of the difference of the values Mean Absolute Error : MAE is nothing...