On Extrinsic forecasting metrics

Thank you for your reply Dan!

The estimation of the actual loss in dollars is a little bit noisy, that’s why I proposed something sort of agnostic to that. But I’ll dive into that nonetheless.

About your question, they certainly save some money by intervening preemptively, but it’s also a costly procedure in terms of dollars and environment-wise. That’s why they are trying to achieve something more precise.

Best,
Francis