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Statistical inference for extreme values of random events is difficult in practice due to low sample sizes and inaccurate models for the studied rare events. If prior knowledge for extreme values is available, Bayesian statistics can be…

Methodology · Statistics 2022-05-18 Tobias Kallehauge

Research in transportation frequently involve modelling and predicting attributes of events that occur at regular intervals. The event could be arrival of a bus at a bus stop, the volume of a traffic at a particular point, the demand at a…

Machine Learning · Computer Science 2015-08-14 Narayanan U. Edakunni , Aditi Raghunathan , Abhishek Tripathi , John Handley , Fredric Roulland

Traditional statistical estimation, or statistical inference in general, is static, in the sense that the estimate of the quantity of interest does not change the future evolution of the quantity. In some sequential estimation problems…

Machine Learning · Computer Science 2021-12-01 Aolin Xu

This paper introduces a novel measure to quantify the directional dependence of extreme events between two variables. The proposed approach is designed to capture asymmetric tail dependence by studying conditional tail expectations of…

Methodology · Statistics 2026-04-06 Matthieu Garcin , Maxime L. D. Nicolas

The continuous time random walk model has been widely applied in various fields, including physics, biology, chemistry, finance, social phenomena, etc. In this work, we present an algorithm that utilizes a subordinate formula to generate…

Statistical Mechanics · Physics 2024-09-10 Danhua Jiang , Yuanze Hong , Wanli Wang

We are now witnessing the increasing availability of event stream data, i.e., a sequence of events with each event typically being denoted by the time it occurs and its mark information (e.g., event type). A fundamental problem is to model…

Machine Learning · Computer Science 2017-02-12 Yongqing Wang , Shenghua Liu , Huawei Shen , Xueqi Cheng

The extreme event statistics plays a very important role in the theory and practice of time series analysis. The reassembly of classical theoretical results is often undermined by non-stationarity and dependence between increments.…

Statistical Finance · Quantitative Finance 2015-05-28 Mauro Politi , Nicolas Millot , Anirban Chakraborti

A physical-mathematical approach to anomalous diffusion may be based on fractional diffusion equations and related random walk models. The fundamental solutions of these equations can be interpreted as probability densities evolving in time…

Statistical Mechanics · Physics 2008-05-27 Rudolf Gorenflo , Francesco Mainardi

The random walk process underlies the description of a large number of real world phenomena. Here we provide the study of random walk processes in time varying networks in the regime of time-scale mixing; i.e. when the network connectivity…

Statistical estimation in many contemporary settings involves the acquisition, analysis, and aggregation of datasets from multiple sources, which can have significant differences in character and in value. Due to these variations, the…

Applications · Statistics 2014-12-23 Quentin Berthet , Venkat Chandrasekaran

We use the method of Maximum (relative) Entropy to process information in the form of observed data and moment constraints. The generic "canonical" form of the posterior distribution for the problem of simultaneous updating with data and…

Data Analysis, Statistics and Probability · Physics 2016-09-08 Adom Giffin , Ariel Caticha

The financial losses from extreme weather events can have a disastrous effect, often costing billions of pounds. While changes in the disposition of individual events is of importance to both the insurance and re-insurance industries, these…

Applications · Statistics 2022-11-16 Toby P Jones

Charge transfer statistics of quantum particles is obtained by analysing the time evolution of the many-body wave function. Exploiting properly chosen gauge transformations, we construct the probabilities for transfers of a discrete number…

Mesoscale and Nanoscale Physics · Physics 2009-11-07 A. Shelankov , J. Rammer

Recently developed survival analysis methods improve upon existing approaches by predicting the probability of event occurrence in each of a number pre-specified (discrete) time intervals. By avoiding placing strong parametric assumptions…

Machine Learning · Statistics 2023-10-25 Jimmy Hickey , Ricardo Henao , Daniel Wojdyla , Michael Pencina , Matthew M. Engelhard

For a system in contact with several reservoirs $r$ at different inverse-temperatures $\beta_r$, we describe how the Markov jump dynamics with the generalized detailed balance condition can be analyzed via a statistical physics approach of…

Statistical Mechanics · Physics 2021-05-12 Cecile Monthus

We discuss the conditions under which Scan Statistics can be fruitfully implemented to signal a departure from the underlying probability model that describes the experimental data. It is shown that local perturbations (``bumps'' or…

Data Analysis, Statistics and Probability · Physics 2009-10-02 F. Terranova

The statistical mechanical description of two-dimensional inviscid fluid turbulence is reconsidered. Using this description, we make predictions about turbulent flow in a rapidly rotating laboratory annulus. Measurements on the continuously…

Soft Condensed Matter · Physics 2009-11-11 Sunghwan Jung , P. J. Morrison , Harry L. Swinney

For any physical observable in statistical systems, the most frequently studied quantities are its average and standard deviation. Yet, its full distribution often carries extremely interesting information and can be invoked to put any…

Condensed Matter · Physics 2009-11-07 R. K. P. Zia , B. Schmittmann

This article relies on information-theoretic measures to examine how events impacted the news for the period 1950-1995. Moreover, we present a method for event characterization in (unstructured) textual sources, offering a taxonomy of…

Computers and Society · Computer Science 2021-09-20 Melvin Wevers , Jan Kostkan , Kristoffer L. Nielbo

In statistical mechanics, measuring the number of available states and their probabilities, and thus the system's entropy, enables the prediction of the macroscopic properties of a physical system at equilibrium. This predictive capacity…

Statistical Mechanics · Physics 2023-12-14 Mathias Casiulis , Stefano Martiniani