PLS Predict

PLS is broadly applied in modern business research. This forum is the right place for discussions on the use of PLS in the fields of Marketing, Strategic Management, Information Technology etc.
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lisaoev
PLS Junior User
Posts: 1
Joined: Wed Mar 11, 2020 12:55 pm
Real name and title: Lisa Oevermann

PLS Predict

Post by lisaoev » Wed Mar 11, 2020 1:05 pm

Hi,

I have some concerns regarding evaluating the prediction errors suggests of my indicators.

I recognize that they are not normally distributed, since the left tail is thick and the right one is long. But can I only use the left tail to evaluate the symmetry of the errors?
I need to know that, because if I could evaluate only the left tail, I would use the RMSE, otherwise the MAE.

Is there anyone who can help out here? :)

Thank you very much,
Lisa
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