Predictive performance measures
- not taking into account uncertainty of predictions:
- MAE (mean absolute error)
- RMSE (root mean square error)
- taking into account uncertainty of predictions:
- 95% CP (coverage probability): proportion of observations within the 95% prediction intervals
- CRPS (Continuous Ranked Probability Score): integration on the response scale of the squared difference between the predicted and the observed (degenarate) CDF.