2min chapter

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Fast and Frugal Time Series Forecasting

Data Skeptic

CHAPTER

The Cost of the Forecast Error

For people looking to published papers in the future, i assume we're still going to see some of the standard metrics, accuracy, mappy, this kind of thing. Do you have any recommendations for how people should maybe publishe ong sido, those metrics to emphasize that they paid close attention to the cost of error? Yes, i think one of the most obvish ways is about contrasting the forecast value added against the reduction or increase in competitional cost. And when we talk about the cost of the forecast error, here comes the n six competition, which s carectly in design weded. In the six competition, we deal with predicting stocks and ities,

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