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The debate of what quantitative risk measure to choose in practice has mainly focused on the dichotomy between Value at Risk (VaR) -- a quantile -- and Expected Shortfall (ES) -- a tail expectation. Range Value at Risk (RVaR) is a natural…

Statistics Theory · Mathematics 2022-06-27 Tobias Fissler , Johanna F. Ziegel

When predictions support decisions they may influence the outcome they aim to predict. We call such predictions performative; the prediction influences the target. Performativity is a well-studied phenomenon in policy-making that has so far…

Machine Learning · Computer Science 2021-03-02 Juan C. Perdomo , Tijana Zrnic , Celestine Mendler-Dünner , Moritz Hardt

In this paper, we present a new explainability formalism designed to shed light on how each input variable of a test set impacts the predictions of machine learning models. Hence, we propose a group explainability formalism for trained…

Machine Learning · Statistics 2022-08-12 François Bachoc , Fabrice Gamboa , Max Halford , Jean-Michel Loubes , Laurent Risser

Metric elicitation is a recent framework for eliciting classification performance metrics that best reflect implicit user preferences based on the task and context. However, available elicitation strategies have been limited to linear (or…

Machine Learning · Statistics 2022-08-23 Gaurush Hiranandani , Jatin Mathur , Harikrishna Narasimhan , Oluwasanmi Koyejo

Point forecasts can be interpreted as functionals (i.e., point summaries) of predictive distributions. We consider the situation where forecasters' directives are hidden and develop methodology for the identification of the unknown…

Methodology · Statistics 2019-02-19 Patrick Schmidt , Matthias Katzfuß , Tilmann Gneiting

We investigate the performance and sampling variability of estimated forecast combinations, with particular attention given to the combination of forecast distributions. Unknown parameters in the forecast combination are optimized according…

Methodology · Statistics 2022-06-07 Ryan Zischke , Gael M. Martin , David T. Frazier , D. S. Poskitt

This paper studies estimation in functional linear quantile regression in which the dependent variable is scalar while the covariate is a function, and the conditional quantile for each fixed quantile index is modeled as a linear functional…

Statistics Theory · Mathematics 2013-02-28 Kengo Kato

Given a statistical functional of interest such as the mean or median, a (strict) identification function is zero in expectation at (and only at) the true functional value. Identification functions are key objects in forecast validation,…

Statistics Theory · Mathematics 2023-03-24 Timo Dimitriadis , Tobias Fissler , Johanna Ziegel

Symbolic regression is a nonlinear regression method which is commonly performed by an evolutionary computation method such as genetic programming. Quantification of uncertainty of regression models is important for the interpretation of…

Machine Learning · Computer Science 2022-09-15 Fabricio Olivetti de Franca , Gabriel Kronberger

Forecast evaluations aim to choose an accurate forecast for making decisions by using loss functions. However, different loss functions often generate different ranking results for forecasts, which complicates the task of comparisons. In…

Applications · Statistics 2018-07-17 Yu-Min Yen , Tso-Jung Yen

Weighted automata is a basic tool for specification in quantitative verification, which allows to express quantitative features of analysed systems such as resource consumption. Quantitative specification can be assisted by automata…

Computational Complexity · Computer Science 2024-03-04 Jakub Michaliszyn , Jan Otop

Law-invariant functionals are central to risk management and assign identical values to random prospects sharing the same distribution under an atomless reference probability measure. This measure is typically assumed fixed. Here, we adopt…

Risk Management · Quantitative Finance 2026-02-10 Felix-Benedikt Liebrich , Ruodu Wang

We propose learning flexible but interpretable functions that aggregate a variable-length set of permutation-invariant feature vectors to predict a label. We use a deep lattice network model so we can architect the model structure to…

Machine Learning · Computer Science 2018-06-04 Andrew Cotter , Maya Gupta , Heinrich Jiang , James Muller , Taman Narayan , Serena Wang , Tao Zhu

What is a fair performance metric? We consider the choice of fairness metrics through the lens of metric elicitation -- a principled framework for selecting performance metrics that best reflect implicit preferences. The use of metric…

Machine Learning · Statistics 2020-11-04 Gaurush Hiranandani , Harikrishna Narasimhan , Oluwasanmi Koyejo

This paper focuses on vector-valued composite functionals, which may be nonlinear in probability. Our primary goal is to establish central limit theorems for these functionals when mixed estimators are employed. Our study is relevant to the…

Statistics Theory · Mathematics 2025-01-09 Huihui Chen , Darinka Dentcheva , Yang Lin , Gregory J. Stock

Conformal prediction builds marginally valid prediction intervals that cover the unknown outcome of a randomly drawn test point with a prescribed probability. However, in practice, data-driven methods are often used to identify specific…

Methodology · Statistics 2025-04-21 Ying Jin , Zhimei Ren

We define an operation of evaluation at a point for motivic constructible (exponential) functions from the Cluckers-Loeser framework of motivic integration and show that two such motivic functions are abstractly equal if and only if their…

Algebraic Geometry · Mathematics 2021-12-08 Raf Cluckers , Immanuel Halupczok

When the experimental objective is expressed by a set of estimable functions, and any eigenvalue-based optimality criterion is selected, we prove the equivalence of the recently introduced weighted optimality and the 'standard' optimality…

Statistics Theory · Mathematics 2016-10-21 Samuel Rosa

A new index for high-impact weather forecasting is introduced and assessed in comparison with the well-established extreme forecast index (EFI). Two other ensemble summary statistics are also included in this comparison study: the…

Applications · Statistics 2023-12-05 Zied Ben-Bouallegue

In this article we give strong versions for preparation theorems for $\mathbb{R}_{an,exp}$-definable functions outgoing from methods of Lion and Rolin ($\mathbb{R}_{an,exp}$ is the o-minimal structure generated by all restricted analytic…

Logic · Mathematics 2025-06-24 Andre Opris