MAD vs number of basis functions plot

Note

This command is available with the Predictive Analytics Module. Click here for more information about how to activate the module.

The MAD vs number of basis functions plot displays the mean absolute deviation on the y-axis and the number of basis functions on the x-axis. The mean absolute deviation indicates whether the model is a good fit. Use the test results to assess the performance of the model to predict new observations. Compare the training results and the test results to see whether there are overfitting problems with the model for the training data set.

This analysis evaluates 20 basis functions. The optimal number of basis functions is 18. The optimal value for the test data when the number of basis functions is 18 is approximately 17,230.

When R-squared error determines the number of basis functions, then the results include the R² vs number of basis functions plot instead.

Interpretation

Lower MAD values indicate a better model. The reference line indicates the optimal MAD value for the test data and the number of basis functions in the model. If the test curve indicates an insufficient model, consider whether to retry the analysis with alternative settings, such as a search of more basis functions.