Returns descriptive summary statistics of model accuracy and bias measures across demographic groups and years. The returned statistics are particularly useful for comparing the model performance for different groups or different models.
Value
#' A data frame. The data frame includes the following summary measures:
mpeis the mean percentage error (mpe; or mean algebraic percentage error malpe); it is a bias indicator as it takes the direction of the error into account. Positive values indicate that the projections were, overall, too high. Negative values indicate that the projections were, overall, too low. The closer the value is too zero, the lower the bias.medpeis the median (or middle value) of the percentage error (medpe). Particularly useful for small samples or skewed distributions. The closer the value is too zero, the lower the bias.mapeis the mean absolute percentage / proportional error (mape). It considers variance (or amplitude) and can be seen as a measure of precision. The smaller the value, the lower is the average error.medapeis the median (or middle value) of the absolute percentage error (medape). Particularly useful for small samples or skewed distributions. The smaller the value, the lower is the average error.rmseis the root mean square error; it is an indication of the robustness or quality of the projection. The smaller the value, the more robust the projection.wmapeis the weighted mean absolute percentage error (wmape); in contrast tomape, this measure weights each absolute percentage error according to the population size of the "focal" group (e.g., nationality, age group) and thus considers domain size. Put differently, errors count more in populous groups than in less populous groups. This measure is particularly useful when population sizes vary strongly. The closer the value, the more precise is the projection.n_measureis the number of times a summary measure occurs (per weight group if requested).ape_under_1is a measure to gauge the error distribution; it indicates the proportion of observations that have absolute percentage errors smaller than 1%.ape_under_5is a measure to gauge the error distribution; it indicates the proportion of observations that have absolute percentage errors smaller than 5%.
References
Baker, J., et al. (2015). Sub-county population estimates using administrative records: A municipal-level case study in New Mexico. In M. N. Hoque & L. B. Potter (Eds.), Emerging techniques in applied demography (pp. 63-79). Springer, https://doi.org/10.1007/978-94-017-8990-5_6
Bérard-Chagnon, J. (2015) Using tax data to estimate the number of families and households in Canada. In M. N. Hoque & L. B. Potter (Eds.), Emerging techniques in applied demography (pp. 137-153). Springer, https://doi.org/10.1007/978-94-017-8990-5_10
Reinhold M. & Thomsen, S. L. (2015) Subnational population projections by age: An evaluation of combined forecast techniques, Population Research and Policy Review, 34, 593-613, https://doi.org/10.1007/s11113-015-9362-0
Wilson, T. (2012). Forecast accuracy and uncertainty of Australian Bureau of Statistics state and territory population projections, International Journal of Population Research, 1, 419824, https://doi.org/10.1155/2012/419824
Wilson, T. (2016). Evaluation of alternative cohort-component models for local area population forecasts, Population Research and Policy Review, 35, 241-261, https://doi.org/10.1007/s11113-015-9380-y
