errors, directional accuracy and directional forecast value, are considered. It turns out that, relative to benchmark models …, the adaptive approach offers additional forecast accuracy in terms of directional accuracy and directional forecast value … to assess the economic forecast value when loss functions (or success measures) are properly formulated to account for …

directional forecasts can provide a useful framework to assess the economic forecast value when loss functions (or success … directional forecast value is a readily available alternative to the commonly used squared error loss criterion. …

directional forecasts can provide a useful framework to assess the economic forecast value when loss functions (or success … directional forecast value is a readily available alternative to the commonly used squared error loss criterion. …

In this study, production forecast value is investigated using day-ahead market (DAM) and real-time market (RTM …