English
Related papers

Related papers: Ranking earthquake forecasts using proper scoring …

200 papers

The number of successes 'n' and the normalized measure of space-time alarm 'tau' are commonly used to characterize the strength of an earthquake prediction method and the significance of prediction results. To evaluate better the…

Geophysics · Physics 2015-05-19 G. Molchan , L. Romashkova

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…

Models for forecasting earthquakes are currently tested prospectively in well-organized testing centers, using data collected after the models and their parameters are completely specified. The extent to which these models agree with the…

Methodology · Statistics 2013-12-23 Andrew Bray , Frederic Paik Schoenberg

In public discussions of the quality of forecasts, attention typically focuses on the predictive performance in cases of extreme events. However, the restriction of conventional forecast evaluation methods to subsets of extreme observations…

We initiate the study of incentive-compatible forecasting competitions in which multiple forecasters make predictions about one or more events and compete for a single prize. We have two objectives: (1) to incentivize forecasters to report…

Computer Science and Game Theory · Computer Science 2021-09-09 Jens Witkowski , Rupert Freeman , Jennifer Wortman Vaughan , David M. Pennock , Andreas Krause

In our paper published earlier we discussed forecasts of earthquake focal mechanism and ways to test the forecast efficiency. Several verification methods were proposed, but they were based on ad-hoc, empirical assumptions, thus their…

Geophysics · Physics 2015-06-19 Y. Y. Kagan , D. D Jackson

Uncertainty representation and quantification are paramount in machine learning and constitute an important prerequisite for safety-critical applications. In this paper, we propose novel measures for the quantification of aleatoric and…

Machine Learning · Computer Science 2024-04-22 Paul Hofman , Yusuf Sale , Eyke Hüllermeier

We consider sequential or active ranking of a set of n items based on noisy pairwise comparisons. Items are ranked according to the probability that a given item beats a randomly chosen item, and ranking refers to partitioning the items…

Machine Learning · Computer Science 2016-09-26 Reinhard Heckel , Nihar B. Shah , Kannan Ramchandran , Martin J. Wainwright

A user-focused verification approach for evaluating probability forecasts of binary outcomes (also known as probabilistic classifiers) is demonstrated that is (i) based on proper scoring rules, (ii) focuses on user decision thresholds, and…

Applications · Statistics 2024-03-25 Nicholas Loveday , Robert Taggart , Mohammadreza Khanarmuei

Conditional forecasts of risk measures play an important role in internal risk management of financial institutions as well as in regulatory capital calculations. In order to assess forecasting performance of a risk measurement procedure,…

Risk Management · Quantitative Finance 2017-02-22 Natalia Nolde , Johanna F. Ziegel

Recent advances in probabilistic modelling have led to a large number of simulation-based inference algorithms which do not require numerical evaluation of likelihoods. However, a public benchmark with appropriate performance metrics for…

Machine Learning · Statistics 2021-04-12 Jan-Matthis Lueckmann , Jan Boelts , David S. Greenberg , Pedro J. Gonçalves , Jakob H. Macke

With model trustworthiness being crucial for sensitive real-world applications, practitioners are putting more and more focus on improving the uncertainty calibration of deep neural networks. Calibration errors are designed to quantify the…

Machine Learning · Computer Science 2024-03-14 Sebastian G. Gruber , Florian Buettner

In situations where forecasters are scored on the quality of their probabilistic predictions, it is standard to use `proper' scoring rules to perform such scoring. These rules are desirable because they give forecasters no incentive to lie…

Methodology · Statistics 2020-08-25 Spencer Greenberg

We develop and implement a new type of global earthquake forecast. Our forecast is a perturbation on a smoothed seismicity (Relative Intensity) spatial forecast combined with a temporal time-averaged (Poisson) forecast. A variety of…

Geophysics · Physics 2013-07-23 James R Holliday , William R Graves , John B Rundle , Donald L Turcotte

A scoring rule is a function of a probabilistic forecast and a corresponding outcome that is used to evaluate forecast performance. A wide range of scoring rules have been defined over time and there is some debate as to which are the most…

Applications · Statistics 2019-08-27 Edward Wheatcroft

We provide methods to validate and compare sensor outputs, or inference algorithms applied to sensor data, by adapting statistical scoring rules. The reported output should either be in the form of a prediction interval or of a parameter…

Data Analysis, Statistics and Probability · Physics 2015-07-07 A. D. Martin , T. C. A. Molteno , M. Parry

Real-world data streams can change unpredictably due to distribution shifts, feedback loops and adversarial actors, which challenges the validity of forecasts. We present a forecasting framework ensuring valid uncertainty estimates…

Machine Learning · Computer Science 2025-03-04 Charles Marx , Volodymyr Kuleshov , Stefano Ermon

Context: Software engineering has a problem in that when we empirically evaluate competing prediction systems we obtain conflicting results. Objective: To reduce the inconsistency amongst validation study results and provide a more formal…

Software Engineering · Computer Science 2021-01-15 Martin Shepperd , Stephen G. MacDonell

Bayesian model comparison (BMC) offers a principled probabilistic approach to study and rank competing models. In standard BMC, we construct a discrete probability distribution over the set of possible models, conditional on the observed…

Machine Learning · Statistics 2023-02-22 Marvin Schmitt , Stefan T. Radev , Paul-Christian Bürkner

The impact of including postcursors in the null hypothesis test is discussed. Unequal prediction probabilities can be included in the null hypothesis test using a generalization of the central limit theorem. A test for determining the…

Methodology · Statistics 2020-02-18 Kurt S. Riedel