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Mean Squared Error (MSE) Definition and Explanation PDF | Download eBooks

Learn Mean Squared Error (MSE) definition in supply chain management with explanation to study “What is Mean Squared Error (MSE)”. Study mean squared error (mse) explanation with SCM terms to review supply chain management course for online MBA programs.

Mean Squared Error (MSE) Definition:

Mean Squared Error (MSE) Explanation:

It is the measuring of average of squares of the errors. MSE is most of the time positive because the estimator does not have any information which could generate more accurate estimates or due to randomness. It is used to measure the quality and always non-negative with values closer to zero.

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