Evaluation metrics
A trained model needs a report card: MAE, RMSE and R² each tell a slightly different story.
- MAE — average error size, in the target’s units. Easy to explain.
- RMSE — like MAE but squares first, so large errors dominate.
- R² — fraction of variance explained, from 0 toward 1 (perfect).
Always report metrics on the TEST set — grading on training data is grading answers the model already saw.