I am doing prediction process with SVR and as evaluation metrics I am getting Relative Error (RE)= 42.25% , is it acceptable? Note : I have > 50k instances in my dataset.
Thanks.
I am doing prediction process with SVR and as evaluation metrics I am getting Relative Error (RE)= 42.25% , is it acceptable? Note : I have > 50k instances in my dataset.
Thanks.
As always when judging the quality of a model: it depends. It depends on your data, on your goal, on your "costs" for errors...
What you can see from your different metrics is mainly, that you have a huge variance in performance throughout your predictions. So a relative error of ~42% is meaningless, if you consider the +/-97% variance.
Looking at your absolute error, you miss your goal by ~35 "units" on average, but with a variance of +/-43.
For me, all these metrics scream "we're not dependable", which in turn points to an unsuitable model.