“…Camporeale (
2019) also gave an overview of different metrics for Space Weather related models. Then, geomagnetic indices forecasting works (Bhaskar & Vichare,
2019; Collado‐Villaverde et al.,
2023b; Iong et al.,
2022; Siciliano et al.,
2020) have mainly used the RMSE, defined in Equation , and the Coefficient of determination ( R 2 ), defined in Equation , being the RMSE the key metric of the assessment. For both metrics, y is the observed value,
is the average of the observed value and
is the prediction for N samples.…”