Predictive ability of regression models. Part I: Standard deviation of prediction errors (SDEP)

Abstract
The standard deviation of prediction errors (SDEP) is used to evaluate and compare the predictive ability of some regression models, namely MLR, ACE and linear and non‐linear PLS, the last being the best one. The parameter is determined by a cross‐validation approach as an average of several runs obtained on forming groups in a random way. The variation in SDEP with the number of latent variables in PLS is also discussed.