Mean absolute error in the context of "Median voter"

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⭐ Core Definition: Mean absolute error

In statistics, mean absolute error (MAE) is a measure of errors between paired observations expressing the same phenomenon. Examples of Y versus X include comparisons of predicted versus observed, subsequent time versus initial time, and one technique of measurement versus an alternative technique of measurement. MAE is calculated as the sum of absolute errors (i.e., the Manhattan distance) divided by the sample size:It is thus an arithmetic average of the absolute errors , where is the prediction and the true value. Alternative formulations may include relative frequencies as weight factors. The mean absolute error uses the same scale as the data being measured. This is known as a scale-dependent accuracy measure and therefore cannot be used to make comparisons between predicted values that use different scales. The mean absolute error is a common measure of forecast error in time series analysis, sometimes used in confusion with the more standard definition of mean absolute deviation. The same confusion exists more generally.

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👉 Mean absolute error in the context of Median voter

In political science and social choice, Black's median voter theorem says that if voters and candidates are distributed along a political spectrum, any Condorcet consistent voting method will elect the candidate preferred by the median voter. The median voter theorem thus shows that under a realistic model of voter behavior, Arrow's theorem does not apply, and rational choice is possible for societies. The theorem was first derived by Duncan Black in 1948, and independently by Kenneth Arrow.

Similar median voter theorems exist for rules like score voting and approval voting when voters are either strategic and informed or if voters' ratings of candidates fall linearly with ideological distance.

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