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bradyj7
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How to quantify performance of a model
Hello,
I was hoping that somebody could advise me how to do evaluate the performance of a model.
The model simulates the power demand from a fleet of electric cars over 24 hours.
For example take the blue line as the actual demand for a given day and the black lines (100) are simulated demands.
https://dl.dropbox.com/u/54057365/All/demand.JPG
Could anybody advise me on how I could quantify the performance of a the model? For example it varies by 5%, 10% etc? Would you use RMSE?
I'm not sure if error is the correct word because the blue line varies from day to day depending which day you pick.
Thank you
Hello,
I was hoping that somebody could advise me how to do evaluate the performance of a model.
The model simulates the power demand from a fleet of electric cars over 24 hours.
For example take the blue line as the actual demand for a given day and the black lines (100) are simulated demands.
https://dl.dropbox.com/u/54057365/All/demand.JPG
Could anybody advise me on how I could quantify the performance of a the model? For example it varies by 5%, 10% etc? Would you use RMSE?
I'm not sure if error is the correct word because the blue line varies from day to day depending which day you pick.
Thank you
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