Simple Maths Problem
Simple Maths Problem
(OP)
I have a very simple problem but I just want to check with somebody.
I have a weighted average for two different methods of predicting a certain parameter.
method one: 1.753
method two: 1.823
A perfect result would have resulted in a value of 1.000
I need to be able to say method one is a certain percentage (??%) better than method two. I know this is simple but would just like a verification. Thanks. Much appreciated.
Logan
I have a weighted average for two different methods of predicting a certain parameter.
method one: 1.753
method two: 1.823
A perfect result would have resulted in a value of 1.000
I need to be able to say method one is a certain percentage (??%) better than method two. I know this is simple but would just like a verification. Thanks. Much appreciated.
Logan
RE: Simple Maths Problem
RE: Simple Maths Problem
However, considering how far away from "perfect" your results are, comparing between the two methods seems somewhat irrelevant to me; trying to claim that the result that's 5% closer is "better" when both are more than 70% off seems to be barking up the wrong tree.
TTFN
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RE: Simple Maths Problem
I do see your point IRStuff. It is quite pointless on reporting the % better figure with that kind of accuracy in the models.