Which evaluation metric is best suited for regression problems?
Practice Questions
1 question
Q1
Which evaluation metric is best suited for regression problems?
Accuracy
F1 Score
Mean Absolute Error
Precision
Mean Absolute Error (MAE) is commonly used for regression problems as it measures the average absolute difference between predicted and actual values.
Questions & Step-by-step Solutions
1 item
Q
Q: Which evaluation metric is best suited for regression problems?
Solution: Mean Absolute Error (MAE) is commonly used for regression problems as it measures the average absolute difference between predicted and actual values.
Steps: 5
Step 1: Understand what regression problems are. These are problems where we predict a continuous value, like predicting house prices or temperatures.
Step 2: Learn about evaluation metrics. These are ways to measure how well our predictions match the actual values.
Step 3: Identify common evaluation metrics for regression. Some examples include Mean Absolute Error (MAE), Mean Squared Error (MSE), and Root Mean Squared Error (RMSE).
Step 4: Focus on Mean Absolute Error (MAE). This metric calculates the average of the absolute differences between predicted values and actual values.
Step 5: Understand why MAE is useful. It gives a clear idea of how far off our predictions are, without squaring the errors, which can exaggerate larger errors.
