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A long noted difficulty when assessing the reliability (or calibration) of forecasting systems is that reliability, in general, is a hypothesis not about a finite dimensional parameter but about an entire functional relationship. A…

Data Analysis, Statistics and Probability · Physics 2020-12-09 Jochen Bröcker

A good prediction is very important for scientific, economic, and administrative purposes. It is therefore necessary to know whether a predictor is skillful enough to predict the future. Given the increased reliance on predictions in…

General Economics · Economics 2022-09-13 Thitithep Sitthiyot , Kanyarat Holasut

Multivariate probabilistic time series forecasts are commonly evaluated via proper scoring rules, i.e., functions that are minimal in expectation for the ground-truth distribution. However, this property is not sufficient to guarantee good…

Machine Learning · Computer Science 2023-06-07 Étienne Marcotte , Valentina Zantedeschi , Alexandre Drouin , Nicolas Chapados

The predictability of errors in deterministic temperature forecasts is investigated. More precisely, the aim is to issue warnings whenever the differences between forecast and verification exceed a given threshold. The warnings are…

Atmospheric and Oceanic Physics · Physics 2011-12-08 S. Hallerberg , J. Bröcker , H. Kantz , L. A. Smith

The Brier score is frequently used by meteorologists to measure the skill of binary probabilistic forecasts. We show, however, that in simple idealised cases it gives counterintuitive results. We advocate the use of an alternative measure…

Atmospheric and Oceanic Physics · Physics 2007-05-23 Stephen Jewson

Probability forecasts are intended to account for the uncertainties inherent in forecasting. It is suggested that from an end-user's point of view probability is not necessarily sufficient to reflect uncertainties that are not simply the…

Statistics Theory · Mathematics 2015-01-22 Kevin Judd

We develop a new method for generating prediction sets that combines the flexibility of conformal methods with an estimate of the conditional distribution $P_{Y \mid X}$. Existing methods, such as conformalized quantile regression and…

Machine Learning · Statistics 2024-10-10 Vincent Plassier , Alexander Fishkov , Mohsen Guizani , Maxim Panov , Eric Moulines

Most of the methods that produce space weather forecasts are based on deterministic models. In order to generate a probabilistic forecast, a model needs to be run several times sampling the input parameter space, in order to generate an…

Space Physics · Physics 2019-05-01 Enrico Camporeale , Xiangning Chu , Oleksiy Agapitov , Jacob Bortnik

Probabilistic forecasts are typically obtained using state-of-the-art statistical and machine learning models, with model parameters estimated by optimizing a proper scoring rule over a set of training data. If the model class is not…

Applications · Statistics 2026-05-05 Jakob Benjamin Wessel , Maybritt Schillinger , Frank Kwasniok , Sam Allen

Probabilistic forecasts must sum to unity and cannot express ``I don't know.'' Possibility theory relaxes this constraint: a subnormal distribution explicitly measures how much of the plausibility budget remains unassigned, ignorance signal…

Applications · Statistics 2026-04-03 John R. Lawson

Scoring rules measure the deviation between a probabilistic forecast and reality. Strictly proper scoring rules have the property that for any forecast, the mathematical expectation of the score of a forecast p by the lights of p is…

Probability · Mathematics 2022-09-28 Alexander R. Pruss

Probabilistic time-series models become popular in the forecasting field as they help to make optimal decisions under uncertainty. Despite the growing interest, a lack of thorough analysis hinders choosing what is worth applying for the…

Machine Learning · Computer Science 2020-11-24 Seungjae Jung , Kyung-Min Kim , Hanock Kwak , Young-Jin Park

Predictions of the uncertainty associated with extreme events are a vital component of any prediction system for such events. Consequently, the prediction system ought to be probabilistic in nature, with the predictions taking the form of…

Applications · Statistics 2012-10-26 Petra Friederichs , Thordis L. Thorarinsdottir

Prediction, where observed data is used to quantify uncertainty about a future observation, is a fundamental problem in statistics. Prediction sets with coverage probability guarantees are a common solution, but these do not provide…

Statistics Theory · Mathematics 2022-11-22 Leonardo Cella , Ryan Martin

Verifying probabilistic forecasts for extreme events is a highly active research area because popular media and public opinions are naturally focused on extreme events, and biased conclusions are readily made. In this context, classical…

Performative predictions are forecasts which influence the outcomes they aim to predict, undermining the existence of correct forecasts and standard methods of elicitation and estimation. We show that conditioning forecasts on covariates…

Statistics Theory · Mathematics 2025-10-27 Philip Boeken , Onno Zoeter , Joris M. Mooij

Suppose we are given the conditional probability of one variable given some other variables.Normally the full joint distribution over the conditioning variablesis required to determine the probability of the conditioned variable.Under what…

Artificial Intelligence · Computer Science 2013-01-14 Avi Pfeffer

We compare probabilistic predictions of extreme temperature anomalies issued by two different forecast schemes. One is a dynamical physical weather model, the other a simple data model. We recall the concept of skill scores in order to…

Applications · Statistics 2013-12-17 Stefan Siegert , Jochen Broecker , Holger Kantz

We demonstrate that the forecasting combination puzzle is a consequence of the methodology commonly used to produce forecast combinations. By the combination puzzle, we refer to the empirical finding that predictions formed by combining…

Econometrics · Economics 2023-08-11 David T. Frazier , Ryan Covey , Gael M. Martin , Donald Poskitt

Ecological forecasts are model-based statements about currently unknown ecosystem states in time or space. For a model forecast to be useful to inform decision makers, model validation and verification determine adequateness. The measure of…

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