accuracy of RMSE test
Posted: Mon May 15, 2017 2:29 am
Hello sir,
I have forecast a variable on the basis of other one with the help of OLS model. I have got a RMSE value 0.23. But I am unable to consider it as acceptable/reliable or not. Please tell me that how can i check the reliability of RMSE test and the model.
I have forecast a variable on the basis of other one with the help of OLS model. I have got a RMSE value 0.23. But I am unable to consider it as acceptable/reliable or not. Please tell me that how can i check the reliability of RMSE test and the model.