[OC] Relation between the square meter price of an apartment and distance from Notre Dame de Paris in Paris and Ile-de-France
Submitted by sudu1988 t3_122jmpa in dataisbeautiful
That's interesting. Can you supply some measure of performance (mean squared error, mean absolute error, ...) for those curve fits?
Yeah, I actually should. Have forgotten it here to mention in the plot.
So mention it in this comment???
Hi. Why the mean squared error and mean absolute error is important to know ?
I am learning Data Analysis so I would like to know to improve myself. Thanks in advance for the answer.
You can draw any line you want. From something crazy and nonsensical to something that looks nice and smooth like the ones here. The fact that the lines “look” nice means nothing if they are not a realistic representation of the distribution of the data. So, the lines might be pretty but not significant but we can’t tell without a measure
It doesn't have to be either of those two specific measures. I just want some way to quantify the quality of the fit to the data.
Essentially, it tells you the accuracy of the line compared to the actual points.
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