Combination of biased forecasts: Bias correction or bias based weights?
- Publisher: Dortmund: Universität Dortmund, Sonderforschungsbereich 475 - Komplexitätsreduktion in Multivariaten Datenstrukturen
- Subject: combination of forecasts | multivariate forecasts | bias correction | regression | Bias | Prognoseverfahren | generalized Jackknife | info:eu-repo/classification/ddc/310 | Theorie | combination of forecasts,bias correction,regression,generalized Jackknife,multivariate forecasts
arxiv: Physics::Atmospheric and Oceanic Physics
- ddc: ddc:330
Most of the literature on combination of forecasts deals with the assumption of unbiased individual forecasts. Here, we consider the case of biased forecasts and discuss two different combination techniques resulting in an unbiased forecast. On the one hand we correct t... View more
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