LossLevel {MCS}

Loss Function for level forecasts

Description

Calculate the losses associated with level forecasts

Usage

LossLevel(realized, evaluated, which = "SE")

Arguments

realized

a vector with the realizations of the interest object.

evaluated

a vector or a matrix of forecasts

which

The loss function to use. possible choices are: 'SE' that coincides with Square Error and AE that coincides with Absolute Error

Value

A matrix with the forecast losses

Author(s)

Leopoldo Catania & Mauro Bernardi