This article reviews the common used forecast error measurements. All error measurements have been joined in the seven groups: absolute forecasting errors, measures based on percentage errors, symmetric errors, measures based on relative errors, scaled errors, relative measures and other error measures. The formulas are presented and drawbacks are discussed for every accuracy measurements. To reduce the impact of outliers, an Integral Normalized Mean Square Error have been proposed. Due to the fact that each error measure has the disadvantages that can lead to inaccurate evaluation of the forecasting results, it is impossible to choose only one measure, the recommendations for selecting the appropriate error measurements are given.
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