The Drag-based Model (DBM) is a 2D analytical model for heliospheric propagation of Coronal Mass Ejections (CMEs) in ecliptic plane predicting the CME arrival time and speed at Earth or any other given target in the solar system. It is based on the equation of motion and depends on initial CME parameters, background solar wind speed, $w$ and the drag parameter $gamma$. A very short computational time of DBM ($<$ 0.01s) allowed us to develop the Drag-Based Ensemble Model (DBEM) that takes into account the variability of model input parameters by making an ensemble of n different input parameters to calculate the distribution and significance of the DBM results. Thus the DBEM is able to calculate the most likely CME arrival times and speeds, quantify the prediction uncertainties and determine the confidence intervals. A new DBEMv3 version is described in detail and evaluated for the first time determing the DBEMv3 performance and errors by using various CME-ICME lists as well as it is compared with previous DB
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