An attraction of MAPE as a measure of fit is its simple interpretation.

Name: An attraction of MAPE as a measure of fit is its simple interpretation.
Brand: Quizplus
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Quizplus · Accepted Answer

MAPE (Mean Absolute Percentage Error) is a simple and intuitive measure of fit that is easy to interpret. It represents the average percentage difference between actual and predicted values, which makes it particularly useful in situations where the scale of the variable being predicted is important.

An Attraction of MAPE as a Measure of Fit Is