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The behavior of maximum likelihood estimates (MLEs) and the likelihood ratio statistic in a family of problems involving pointwise nonparametric estimation of a monotone function is studied. This class of problems differs radically from the…

Statistics Theory · Mathematics 2009-09-29 Moulinath Banerjee

Operational risk models commonly employ maximum likelihood estimation (MLE) to fit loss data to heavy-tailed distributions. Yet several desirable properties of MLE (e.g. asymptotic normality) are generally valid only for large sample-sizes,…

Risk Management · Quantitative Finance 2016-08-26 Paul Larsen

In this paper, we study how class imbalance, typical of low-default credit portfolios, affects the performance of logistic regression models. Using a simulation study with controlled data-generating mechanisms, we vary (i) the level of…

Risk Management · Quantitative Finance 2026-02-24 Willem D. Schutte , Charl Pretorius , Neill Smit , Leandra van der Merwe , Robert Maxwell

The density ratio model (DRM) provides a flexible and useful platform for combining information from multiple sources. In this paper, we consider statistical inference under two-sample DRMs with additional parameters defined through and/or…

Statistics Theory · Mathematics 2021-03-01 Meng Yuan , Pengfei Li , Changbao Wu

We study behavior of the restricted maximum likelihood (REML) estimator under a misspecified linear mixed model (LMM) that has received much attention in recent gnome-wide association studies. The asymptotic analysis establishes consistency…

Statistics Theory · Mathematics 2014-04-10 Jiming Jiang , Cong Li , Debashis Paul , Can Yang , Hongyu Zhao

Extreme value analysis is an essential methodology in the study of rare and extreme events, which hold significant interest in various fields, particularly in the context of environmental sciences. Models that employ the exceedances of…

Methodology · Statistics 2025-07-16 Lorenzo Dell'Oro , Carlo Gaetan

Important tasks like record linkage and extreme classification demonstrate extreme class imbalance, with 1 minority instance to every 1 million or more majority instances. Obtaining a sufficient sample of all classes, even just to achieve…

Machine Learning · Computer Science 2021-06-03 Neil G. Marchant , Benjamin I. P. Rubinstein

Maximum Likelihood Estimation (MLE) is the bread and butter of system inference for stochastic systems. In some generality, MLE will converge to the correct model in the infinite data limit. In the context of physical approaches to system…

Machine Learning · Statistics 2020-03-11 Junghyo Jo , Danh-Tai Hoang , Vipul Periwal

We propose an iterative estimating equations procedure for analysis of longitudinal data. We show that, under very mild conditions, the probability that the procedure converges at an exponential rate tends to one as the sample size…

Statistics Theory · Mathematics 2007-12-18 Jiming Jiang , Yihui Luan , You-Gan Wang

The purpose of this research report is to present the our learning curve and the exposure to the Machine Learning life cycle, with the use of a Kaggle binary classification data set and taking to explore various techniques from…

Machine Learning · Computer Science 2021-05-25 Mohamed Hamama

We explore past and recent developments in rare-event probability estimation with a particular focus on a novel Monte Carlo technique Empirical Likelihood Maximization (ELM). This is a versatile method that involves sampling from a sequence…

Computation · Statistics 2013-12-12 A. Huang , Z. I. Botev

While modern large-scale datasets often consist of heterogeneous subpopulations -- for example, multiple demographic groups or multiple text corpora -- the standard practice of minimizing average loss fails to guarantee uniformly low losses…

Machine Learning · Computer Science 2022-08-12 John Duchi , Tatsunori Hashimoto , Hongseok Namkoong

Detecting rare events, those defined to give rise to high impact but have a low probability of occurring, is a challenge in a number of domains including meteorological, environmental, financial and economic. The use of machine learning to…

Applications · Statistics 2022-09-13 Santhosh Narayanan , Carsten Maple , Mark Hooper

We explore the possibility of evaluating flow harmonics by employing the maximum likelihood estimator (MLE). For a given finite multiplicity, the MLE simultaneously furnishes estimations for all the parameters of the underlying distribution…

High Energy Physics - Phenomenology · Physics 2023-08-16 Chong Ye , Wei-Liang Qian , Rui-Hong Yue , Yogiro Hama , Takeshi Kodama

This paper studies the asymptotics of resampling without replacement in the proportional regime where dimension $p$ and sample size $n$ are of the same order. For a given dataset $(X,y)\in \mathbb{R}^{n\times p}\times \mathbb{R}^n$ and…

Statistics Theory · Mathematics 2026-02-04 Pierre C. Bellec , Takuya Koriyama

We develop a novel computational method for evaluating the extreme excursion probabilities arising from random initialization of nonlinear dynamical systems. The method uses excursion probability theory to formulate a sequence of Bayesian…

Computational Physics · Physics 2020-06-08 Vishwas Rao , Romit Maulik , Emil Constantinescu , Mihai Anitescu

Statistical modeling of multivariate and spatial extreme events has attracted broad attention in various areas of science. Max-stable distributions and processes are the natural class of models for this purpose, and many parametric families…

Methodology · Statistics 2017-08-09 Clement Dombry , Sebastian Engelke , Marco Oesting

For statistics of rare events in systems obeying a large-deviation principle, the rate function is a key quantity. When numerically estimating the rate function one is always restricted to finite system sizes. Thus, if the interest is in…

Data Analysis, Statistics and Probability · Physics 2024-12-06 Peter Werner , Alexander K. Hartmann

Despite the enormous amount of data, particular events of interest can still be quite rare. Classification of rare events is a common problem in many domains, such as fraudulent transactions, malware traffic analysis and network intrusion…

Machine Learning · Computer Science 2021-01-01 Ivan Letteri , Antonio Di Cecco , Abeer Dyoub , Giuseppe Della Penna

In document classification for, e.g., legal and biomedical text, we often deal with hundreds of classes, including very infrequent ones, as well as temporal concept drift caused by the influence of real world events, e.g., policy changes,…

Computation and Language · Computer Science 2022-03-16 Ilias Chalkidis , Anders Søgaard