Essential Guide to Continuous Ranked Probability Score (CRPS) for Forecasting
Image generated with Midjourney Learn how to evaluate probabilistic forecasts and how CRPS relates to other metrics Eryk Lewinson · Follow Published in Towards Data Science · 7 min read · 2 hours ago — If I asked you how to evaluate a regression problem, you would probably name quite a few evaluation metrics, such as MSE, MAE, RMSE, MAPE, etc. What these metrics have in common is that they focus on point predictions. The