Ecological forecasting models: Accuracy versus decisional quality

Jean-Sébastien Pierre

Ecological Modelling, 2023, vol. 482, issue C

Abstract: We consider here forecasting models in ecology or in agronomy, aiming at decision making based upon exceeding a quantitative threshold. We address specifically how to link the intrinsic quality of the model (its accuracy) with its decisional quality, ie its capacity to avoid false decisions and their associated costs. The accuracy of the model can be evaluated by the ρ of the regression of observed values versus estimated ones or by the determination coefficient R2. We show that the decisional quality depends not only of this accuracy but also of the threshold retained to make the decision as well as on the state of nature. The two kinds of decisional errors consists either in deciding no action while an action is required (false negatives) or to act while it is useless (false positives). We also prove that the costs associated to those decisions depend also both of the accuracy of the model and of the value of the decision threshold.

Keywords: Forecasting; Decision; Model quality; Model accuracy; Costs and benefits; Modelling (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecomod:v:482:y:2023:i:c:s0304380023001230

DOI: 10.1016/j.ecolmodel.2023.110392

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