Extremal Dependence Indices: Improved Verification Measures for Deterministic Forecasts of Rare Binary Events
By C. Ferro, David B. Stephenson. 2011
204 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance, Global and Planetary Change
View Paper: https://www.semanticscholar.org/paper/a7e8954de09840855386ca17c6daf8bfa055e976
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Citations in the corpus
- The area under the precision‐recall curve as a performance metric for rare binary events (2019, background): “While AUC- ROC is mathematically independent of prevalence (Ferro & Stephenson, 2011; Jiménez- Valverde, 2014; Lawson et al., 2014), in practice it is related to prevalence in presence–absence datasets (reviewed in Santika, 2011).”
- Two alternative evaluation metrics to replace the true skill statistic in the assessment of species distribution models (2019, methodology): “SEDI featured greatly reduced sensitivity to prevalence, while retaining most beneficial properties of its predecessors (Ferro and Stephenson 2011).”