Table 2.
The advantage of PSI over PSS, , HSS, and CSS in differentiating between the level of difficulty in forecasting rare or extreme event and random event.
| Events |
Forecasted/observed outcomes |
PSI |
PSS |
|
HSS |
CSS |
|||
|---|---|---|---|---|---|---|---|---|---|
|
Yes/Yes |
Yes/No |
No/Yes |
No/No |
[-1, 1] | [-1, 1] | [-1, 1] | [-1, 1] | [-1, 1] | |
| Rare or extreme | 1 | 0 | 0 | 399 | 0.550 | 1.000 | 1.000 | 1.000 | 1.000 |
| Random | 193 | 0 | 0 | 207 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 |