Probabilistic forecasting with discrete choice models: evaluating predictions with pseudo-coefficients of determination

DOI10.1016/J.EJOR.2015.08.068MaRDI QIDQ320831zbMATH OpenOpenAlexFDO

Authors Ming-Chien Sung, David C. J. McDonald, Johnnie E. V. Johnson

Publication date 7 October 2016

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://eprints.soton.ac.uk/381025/1/PseudoR2_Final20150827.pdf

zbMATH Keywords

forecastingfinancediscrete choice modelsdecision analysishorseracing

Mathematics Subject Classification ID

Linear regression; mixed models (62J05) Decision theory (91B06) General considerations in statistical decision theory (62C05)

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Cites work

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• scientific article; zbMATH DE number 5134989 (Why is no real title available?)
• scientific article; zbMATH DE number 3254517 (Why is no real title available?)
• A new methodology for generating and combining statistical forecasting models to enhance competitive event prediction
• A note on a general definition of the coefficient of determination
• Bootstrap methods: another look at the jackknife
• Dynamic price competition with discrete customer choices
• Economic interpretation of probabilities estimated by maximum likelihood or score
• Identifying winners of competitive events: a SVM-based classification model for horserace prediction
• Posterior distribution for the multiple correlation coefficient with fixed regressors

Cited in

(4)

• Improving prediction market forecasts by detecting and correcting possible over-reaction to price movements
• A new methodology for generating and combining statistical forecasting models to enhance competitive event prediction
• Examining predictive accuracy among discounting models
• scientific article; zbMATH DE number 1228715 (Why is no real title available?)

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