A number of image set compression algorithms have been proposed in the literature. A key component of these algorithms is a numeric measure used to quantify how similar two images are to each other from the point of view of a compression algorithm. Since most of these image set compression algorithms use wavelet-based image compression algorithms to compress the prediction error, we propose a number of related image prediction measures based on wavelet transforms. We also show some experimental results using the proposed measures. The proposed measure performs better than previous measures proposed in the literature.