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Information coefficient (IC) is a widely used metric for measuring investment managers' skills in selecting stocks. However, its adequacy and effectiveness for evaluating stock selection models has not been clearly understood, as IC from a…

Computational Finance · Quantitative Finance 2020-10-20 Feng Zhang , Ruite Guo , Honggao Cao

Most of the regularization methods such as the LASSO have one (or more) regularization parameter(s), and to select the value of the regularization parameter is essentially equal to select a model. Thus, to obtain a model suitable for the…

Methodology · Statistics 2025-11-07 Sumito Kurata , Kei Hirose

Model selection is of fundamental importance to high dimensional modeling featured in many contemporary applications. Classical principles of model selection include the Kullback-Leibler divergence principle and the Bayesian principle,…

Statistics Theory · Mathematics 2016-05-12 Jinchi Lv , Jun S. Liu

Variable selection is essential for improving inference and interpretation in multivariate linear regression. Although a number of alternative regressor selection criteria have been suggested, the most prominent and widely used are the…

Statistics Theory · Mathematics 2020-01-07 Zhidong Bai , Yasunori Fujikoshi , Jiang Hu

Penalized regression models are popularly used in high-dimensional data analysis to conduct variable selection and model fitting simultaneously. Whereas success has been widely reported in literature, their performances largely depend on…

Machine Learning · Statistics 2013-12-16 Wei Sun , Junhui Wang , Yixin Fang

Principal component analysis (PCA) is the most commonly used statistical procedure for dimension reduction. An important issue for applying PCA is to determine the rank, which is the number of dominant eigenvalues of the covariance matrix.…

Methodology · Statistics 2020-08-06 Hung Hung , Su-Yun Huang , Ching-Kang Ing

Selecting the number of regimes in Hidden Markov models is an important problem. There are many criteria that are used to select this number, such as Akaike information criterion (AIC), Bayesian information criterion (BIC), integrated…

Methodology · Statistics 2024-09-23 Bouchra R Nasri , Bruno N Rémillard , Mamadou Y Thioub

In this work, we propose a modified Bayesian Information Criterion (BIC) specifically designed for mixture models and hierarchical structures. This criterion incorporates the determinant of the Hessian matrix of the log-likelihood function,…

Linear mixed effects models are highly flexible in handling a broad range of data types and are therefore widely used in applications. A key part in the analysis of data is model selection, which often aims to choose a parsimonious model…

Methodology · Statistics 2013-06-12 Samuel Müller , J. L. Scealy , A. H. Welsh

We test three common information criteria (IC) for selecting the order of a Hawkes process with an intensity kernel that can be expressed as a mixture of exponential terms. These processes find application in high-frequency financial data…

Statistical Finance · Quantitative Finance 2017-04-05 J. M. Chen , A. G. Hawkes , E. Scalas , M. Trinh

We informally call a stochastic process learnable if it admits a generalization error approaching zero in probability for any concept class with finite VC-dimension (IID processes are the simplest example). A mixture of learnable processes…

Machine Learning · Statistics 2015-07-27 Cosma Rohilla Shalizi , Aryeh Kontorovich

The information criterion for determining the number of explanatory variables in a subset regression modeling is discussed. Information criterion such as AIC is effective and frequently used in model selection for ordinary regression models…

Methodology · Statistics 2023-09-18 Genshiro Kitagawa

Model selection is a pivotal process in the quantitative sciences, where researchers must navigate between numerous candidate models of varying complexity. Traditional information criteria, such as the corrected Akaike Information Criterion…

Quantitative Methods · Quantitative Biology 2025-12-16 Jakob Vanhoefer , Antonia Körner , Domagoj Doresic , Jan Hasenauer , Dilan Pathirana

Deep learning is renowned for its theory-practice gap, whereby principled theory typically fails to provide much beneficial guidance for implementation in practice. This has been highlighted recently by the benign overfitting phenomenon:…

Machine Learning · Statistics 2023-11-14 Liam Hodgkinson , Chris van der Heide , Robert Salomone , Fred Roosta , Michael W. Mahoney

We propose a new parameter-adaptive uncertainty-penalized Bayesian information criterion (UBIC) to prioritize the parsimonious partial differential equation (PDE) that sufficiently governs noisy spatial-temporal observed data with few…

Machine Learning · Computer Science 2024-01-31 Pongpisit Thanasutives , Takashi Morita , Masayuki Numao , Ken-ichi Fukui

In scientific inference problems, the underlying statistical modeling assumptions have a crucial impact on the end results. There exist, however, only a few automatic means for validating these fundamental modelling assumptions. The…

Methodology · Statistics 2019-05-21 Andreas Svensson , Dave Zachariah , Petre Stoica , Thomas B. Schön

The first investigation is made of designs for screening experiments where the response variable is approximated by a generalised linear model. A Bayesian information capacity criterion is defined for the selection of designs that are…

Methodology · Statistics 2016-10-27 David C. Woods , James M. McGree , Susan M. Lewis

We introduce a novel technique for verification and model synthesis of sequential programs. Our technique is based on learning a regular model of the set of feasible paths in a program, and testing whether this model contains an incorrect…

Software Engineering · Computer Science 2015-11-04 Yu-Fang Chen , Chiao Hsieh , Ondřej Lengál , Tsung-Ju Lii , Ming-Hsien Tsai , Bow-Yaw Wang , Farn Wang

Data Poisoning (DP) is an effective attack that causes trained classifiers to misclassify their inputs. DP attacks significantly degrade a classifier's accuracy by covertly injecting attack samples into the training set. Broadly applicable…

Machine Learning · Computer Science 2022-05-13 Xi Li , David J. Miller , Zhen Xiang , George Kesidis

A bias correction to Akaike's information criterion (AIC) is derived for seemingly unrelated regressions models. The correction is of particular use when the sample size is not much larger than the number of fitted parameters. A…

Methodology · Statistics 2009-06-05 J. L. van Velsen