2007
DOI: 10.1002/met.21
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Performance targets and the Brier score

Abstract: ABSTRACT:The Brier score and Brier skill score are commonly used measures for evaluating probability forecasts. An oft-cited desirable property of these measures is that they are strictly proper, meaning that forecasters wishing to optimise the expected value of these measures should report their true beliefs and not 'hedge' the forecast by reporting probabilities that differ from their true beliefs. In this article, it is argued that the propriety of the Brier score only discourages hedging if the utility of … Show more

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Cited by 33 publications
(19 citation statements)
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“…In this study, the model with the best average prediction performance on five test datasets was considered the optimal model. We compared the developed models using five different performance measures: Brier score [44], AUROC [45], sensitivity, specificity and calibration plot. Brier score measures the overall prediction performance, which denotes the accuracy of a prediction, of a model.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…In this study, the model with the best average prediction performance on five test datasets was considered the optimal model. We compared the developed models using five different performance measures: Brier score [44], AUROC [45], sensitivity, specificity and calibration plot. Brier score measures the overall prediction performance, which denotes the accuracy of a prediction, of a model.…”
Section: Discussionmentioning
confidence: 99%
“…We compared the developed models using five different performance measures: Brier score [ 44 ], AUROC [ 45 ], sensitivity, specificity and calibration plot. Brier score measures the overall prediction performance, which denotes the accuracy of a prediction, of a model.…”
Section: Methodsmentioning
confidence: 99%
“…E max refers to the maximum calibration error, and the optimal E max is close to 0. The Brier score measures the accuracy of a probability assessment (the average squared deviation between predicted probabilities for a set of events and their outcomes); the optimal Brier score is close to 0. Non‐parametric statistics were used.…”
Section: Methodsmentioning
confidence: 99%
“…if a forecaster receives a bonus if his/her Brier score is less than a threshold, or if the forecaster with the smallest Brier score receives a bonus) then the score is rendered improper (Roulston, 2007). Consider the case of the forecaster who is offered a bonus if his/her weather forecasts over a 10-day period achieve a Brier score of less than 0.1.…”
Section: Proprietymentioning
confidence: 99%