PSNR does not reflect the structure between test signals and the pristine (original) signal. The structure of errors is important in Human Vision System.
The following figure demonstrates how totally different discrepancies between test signals and the original one give same PSNR, it’s obvious that the test signal 1 seems much better approximation to the original signal than the test signal 2:
Taken from “OBJECTIVE VIDEO QUALITY ASSESSMENT”, by Zhou Wang et al.
23+ years’ programming and theoretical experience in the computer science fields such as video compression, media streaming and artificial intelligence (co-author of several papers and patents).
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