Overview
RMSE is one of the most common metrics for evaluating regression models. It is the square root of the Mean Squared Error (MSE).
Formula
RMSE = √[ (1/n) * Σ (Actual - Predicted)² ]
Characteristics
- Penalizes Large Errors: Like MSE, it squares the errors, making it sensitive to outliers.
- Same Units: Taking the square root brings the error back to the same units as the target variable, making it easier to interpret than MSE.
Use Case
Standard metric for many regression tasks where large errors are particularly undesirable.