statpsych (version 2.0.0)

ci.mape: Confidence interval for a mean absolute prediction error

Description

Computes a confidence interval for a population mean absolute prediction error (MAPE) in a general linear model. The MAPE is a more robust alternative to the residual standard deviation. This function requires a vector of estimated residuals from a general linear model. This confidence interval does not assume zero excess kurtosis but does assume symmetry of the population prediction errors.

For more details, see Section 1.16 of Bonett (2021, Volume 2)

Usage

ci.mape(alpha, res, s)

Value

Returns a 1-row matrix. The columns are:

• Estimate - estimated mean absolute prediction error

• SE - standard error

• LL - lower limit of the confidence interval

• UL - upper limit of the confidence interval

Arguments

alpha

alpha level for 1-alpha confidence

res

vector of residuals

s

number of predictor variables in model

References

Bonett2021statpsych

Examples

res <- c(-2.70, -2.69, -1.32, 1.02, 1.23, -1.46, 2.21, -2.10, 2.56,
      -3.02, -1.55, 1.46, 4.02, 2.34)
ci.mape(.05, res, 1)

# Should return:
# Estimate        SE       LL       UL
#   2.3744 0.3314752 1.751678 3.218499