Public Procurement Announcements in Spain: Regulations, Data Analysis, and Award Price Estimator Using Machine Learning

<div class="floats-full-page floats-full-page-other"><h2>Table 4</h2><div class="floats-full-page-caption"><div>Error metrics between tender price and award price.</div></div><div class="floats-full-page-content"><table class="table-group" id="tab4"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr /></td></tr><tr class="thead"><td class="align_left">Error</td><td class="align_center">Value</td></tr><tr><td class="thead-hr" colspan="2"><hr /></td></tr><tr><td class="align_left">Absolute error (AE)</td><td class="align_center">See Figure <a href="../fig4/#c">4(c)</a></td></tr><tr><td class="align_left">Absolute percentage error (APE)</td><td class="align_center">See Figure <a href="../fig5/">5</a></td></tr><tr><td class="align_left">Median absolute error (MdAE)</td><td class="align_center">€6,955.00</td></tr><tr><td class="align_left">Median absolute percentage error (MdAPE)</td><td class="align_center">11.84%</td></tr><tr><td class="align_left">Mean absolute error (MAE)</td><td class="align_center">€137,778.64</td></tr><tr><td class="align_left">Mean absolute percentage error (MAPE)</td><td class="align_center">39.79%</td></tr><tr><td class="align_left">Root mean square error (RMSE)</td><td class="align_center">101,451,609,620,714</td></tr><tr><td class="align_left">Coefficient of determination</td><td class="align_center">−3.10</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr" /></td></tr></table></td></tr></table></div></div>

Table 4 | Public Procurement Announcements in Spain: Regulations, Data Analysis, and Award Price Estimator Using Machine Learning

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Table 4: Public Procurement Announcements in Spain: Regulations, Data Analysis, and Award Price Estimator Using Machine Learning

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Table 4

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