Applying a General Analytic Method for Assessing Bias Sensitivity to Bias-Adjusted Threat and Equitable Threat Scores

Abstract

Bias-adjusted threat and equitable threat scores were designed to account for the effects of placement errors in assessing the performance of under- or overbiased forecasts. These bias-adjusted performance measures exhibit bias sensitivity. The critical performance ratio (CPR) is the minimum fraction of added forecasts that are correct for a performance measure to indicate improvement if bias is increased. In the opposite case, the CPR is the maximum fraction of removed forecasts that are correct for a performance measure to indicate improvement if bias is decreased. The CPR is derived here for the bias-adjusted threat and equitable threat scores to quantify bias sensitivity relative to several other measures of performance including conventional threat and equitable threat scores. The CPR for a bias-adjusted equitable threat score may indicate the likelihood of preserving or increasing the conventional equitable threat score if forecasts are bias corrected based on past performance.