MPE meaning in General ?

Answer: What is Mean Percentage Error mean?

In statistics, the mean percentage error (MPE) is the computed average of percentage errors by which forecasts of a model differ from actual values of the quantity being forecast.

The formula for the mean percentage error is:

MPE = 100 % n ∑ t = 1 n a t − f t a t {\displaystyle {\text{MPE}}={\frac {100\%}{n}}\sum _{t=1}^{n}{\frac {a_{t}-f_{t}}{a_{t}}}}

where at is the actual value of the quantity being forecast, ft is the forecast, and n is the number of different times for which the variable is forecast.

Because actual rather than absolute values of the forecast errors are used in the formula, positive and negative forecast errors can offset each other; as a result the formula can be used as a measure of the bias in the forecasts.

A disadvantage of this measure is that it is undefined whenever a single actual value is zero.

reference

Full Form	Category
Micro Precision Engineering	Academic & Science
Mathematical Problems in Engineering	Academic & Science
Mathematics Placement Exam	Academic & Science
Madison (ct)	Airport Code
Motion Picture Enterprises	Business
Multi Purpose Engine	Business
Marginal Propensity to Expend	Business
M.p. Evans	Business
Mississippi Professional Educators	Community
Midwest Parent Educators	Community
Music Production and Engineering	Community
Muslim Professional Entrepreneur	Community
Mountain Park Elementary	Community
Maximum Permissive Exposure	Computer and Networking
Motion Picture Experts	Computing
Multi Protocol Encapsulator	Computing
Managing Photo Editor	Computing
Meeting Place Express	Computing
Multi Processor Expansion	Computing
Microsoft Photo Editor	Computing
Mcafee Policy Enforcer	Computing
Millennium Pro Edition	Computing
Multi Processing Environment	Computing
Multi Programming Executive	Computing
Multi Processing Enabled	Computing
Minecraft Pocket Edition	Computing
Memory Parity Error	Computing
Motor Protection Electronics	Electronics
Movie (moving Pictures Expert Group Format)	File Type
Map Positioning Engine	General
Michelin Pilot Experience	General
Mobis Parts Europe	General
Motorsport Performance Exhaust	General
Michelin Passion Experience	General
Motorsport Performance Edition	General
Mississippi Power Employees Toastmasters	General
Male Plain End	General
MPI Parallel Environment	General
Merchant Payments Ecosystem	General
Multi Purpose Expedition	General
Modern Process Equipment	General
Module Partial Exam	General
Mole Percent Excess	General
Mining People and the Environment	General
Multidimensional Polyphonic Expression	General
Mt Pleasant Elementary	General
Math Placement Exam	General
Magnetic Particle Examination	General
Mean Percentage Error	General
Most Probable Explanation	Governmental
Maximum Permissible Exposure	Governmental
MALATIPUR	Indian Railway Station
Mean Predictive Error	Maths
Mathematics of Planet Earth	Maths
Mathematics	Maths
Multiplication Property of Equality	Maths
Medical Presumptive Eligibility	Medical
Massive Pulmonary Embolism	Medical
Medical Physics Expert	Medical
Molecular Pathological Epidemiology	Medical
Myocardial Perfusion Echocardiography	Medical
Mission and Performance Envelopes	Military and Defence
Multi Protocol Encapsulation	Networking
Multi Photo Electron	Physics Related
Madison, Connecticut USA	Regional
Metal Packaging Europe	Regional
Mission Peculiar Experiment	Space Science
Mountaineering Performance Evolution	Sports
Multiservice Provider Edge	Telecommunication