A simple method for joint evaluation of skill in directional forecasts of multiple variables
By Thitithep Sitthiyot, Kanyarat Holasut
Rating
1460
Battle Count: 3
Relevance
6/10
While focused on macroeconomic forecasts, the method could be adapted for evaluating directional forecasts in financial markets
Implementation Complexity
3/10
The method is described as simple and does not require complex statistical assumptions
Reproducibility
4/5
Method is well-described and can be implemented using provided formulas
About this paper
Methodology: Prediction Skill Index (PSI). Problem types: Time Series Forecasting, Classification.
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