[STAT Article] RMSE Calculation with Excel and R: A Comprehensive Guide
When running statistical programs, you might encounter RMSE (Root Mean Square Error). For example, the table below shows RMSE values obtained from SAS, indicating that it is ca. 2.72. I’m curious about how RMSE is calculated. Below is the equation for RMSE. First, calculate the difference between the estimated and observed values: (ŷi – yi), and then square the difference: (ŷi – yi)². Second, calculate the sum of squares: Σ(ŷi – yi)². Third, divide the sum of squares by the…