I am doing ensemble forecasts for a quantity. And I have around 20 forecast values at each observation point. I will have an event definition of x% i.e. say 95% of highest observation value. I am trying to construct an ROC Curve using R:
- Is ROCR a good package for probabilistic based ROC score?
- Can you provide an example of how to construct this ROC curve?
Just assume a fake dataset.
I am reading all sorts of papers. But I am very confused as to how to calculate the forecast probabilities.