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Prediction markets are used in real life to predict outcomes of interest such as presidential elections. This paper presents a mathematical theory of artificial prediction markets for supervised learning of conditional probability…

Machine Learning · Statistics 2015-03-18 Adrian Barbu , Nathan Lay

Effective large-scale process optimization in manufacturing industries requires close cooperation between different human expert parties who encode their knowledge of related domains as Bayesian network models. For instance, Bayesian…

Machine Learning · Computer Science 2024-05-27 Abele Mălan , Jérémie Decouchant , Thiago Guzella , Lydia Chen

Understanding regional Consumer Price Index (CPI) dynamics is essential for timely and effective economic policymaking. However, traditional modeling procedures typically rely only on parametric panel modeling with low-frequency and…

Applications · Statistics 2026-04-09 Tianchen Gao , Ao Sun , Yurou Wang , Jingyuan Liu , Cheng Hsiao

This paper designs traffic signal control policies for a network of signalized intersections without knowing the demand and parameters. Within a model predictive control (MPC) framework, control policies consist of an algorithm that…

Systems and Control · Electrical Eng. & Systems 2025-03-17 Zhexian Li , Ketan Savla

Predicting counterfactual outcomes in longitudinal data, where sequential treatment decisions heavily depend on evolving patient states, is critical yet notoriously challenging due to complex time-dependent confounding and inadequate…

Machine Learning · Statistics 2026-04-15 Farbod Alinezhad , Jianfei Cao , Gary J. Young , Brady Post

Sustainable financial markets play an important role in the functioning of human society. Still, the detection and prediction of risk in financial markets remain challenging and draw much attention from the scientific community. Here we…

Physics and Society · Physics 2018-11-27 Jingfang Fan , Keren Cohen , Louis M. Shekhtman , Sibo Liu , Jun Meng , Yoram Louzoun , Shlomo Havlin

This paper proposes a decentralized energy management (DEM) strategy for a network of local microgrids, providing economically balanced energy schedules for all participating microgrids. The proposed DEM strategy can preserve the privacy of…

Systems and Control · Electrical Eng. & Systems 2023-04-10 Jesus Silva-Rodriguez , Xingpeng Li

In this paper, we propose a model predictive control (MPC) method for real-time intervention of spreading processes, such as epidemics and wildfire, over large-scale networks. The goal is to allocate budgeted resources each time step to…

Optimization and Control · Mathematics 2022-10-31 Ruigang Wang , Armaghan Zafar , Ian R. Manchester

Penalized likelihood and quasi-likelihood methods dominate inference in high-dimensional linear mixed-effects models. Sampling-based Bayesian inference is less explored due to the computational bottlenecks introduced by the random effects…

Methodology · Statistics 2025-07-24 Sreya Sarkar , Kshitij Khare , Sanvesh Srivastava

Rapid growth of large loads led by data centers is straining grid capacity. These loads increasingly accept curtailment risk through non-firm interconnection agreements to gain faster grid access, expanding the pool of consumers subject to…

Systems and Control · Electrical Eng. & Systems 2026-05-26 Richard Mahuze , Charlotte Gressel , Ali Amadeh , K. Max Zhang

This study aims to determine a predictive model to learn students probability to pass their courses taken at the earliest stage of the semester. To successfully discover a good predictive model with high acceptability, accurate, and…

Machine Learning · Computer Science 2023-04-13 Anabella C. Doctor

Electricity supply must be matched with demand at all times. This helps reduce the chances of issues such as load frequency control and the chances of electricity blackouts. To gain a better understanding of the load that is likely to be…

Econometrics · Economics 2021-03-09 Alexander J. M. Kell , A. Stephen McGough , Matthew Forshaw

This paper proposes probabilistic conformal prediction (PCP), a predictive inference algorithm that estimates a target variable by a discontinuous predictive set. Given inputs, PCP construct the predictive set based on random samples from…

Machine Learning · Statistics 2022-06-22 Zhendong Wang , Ruijiang Gao , Mingzhang Yin , Mingyuan Zhou , David M. Blei

The development of materials science is undergoing a shift from empirical approaches to data-driven and algorithm-oriented research paradigm. The state-of-the-art platforms are confined to inorganic crystals, with limited chemical space,…

Materials Science · Physics 2025-07-08 Jifeng Wang , Jiazhe Ju , Ying Wang

Improving the controllability of power networks is crucial as they are highly complex networks operating in synchrony; even minor perturbations can cause desynchronization and instability. To that end, one needs to assess the criticality of…

Systems and Control · Electrical Eng. & Systems 2025-05-16 MirSaleh Bahavarnia , Muhammad Nadeem , Ahmad F. Taha

In the modern power market, electricity trading is an extremely competitive industry. More accurate price forecast is crucial to help electricity producers and traders make better decisions. In this paper, a novel method of convolutional…

Signal Processing · Electrical Eng. & Systems 2020-03-17 Hsu-Yung Cheng , Ping-Huan Kuo , Yamin Shen , Chiou-Jye Huang

Cross-Entropy Method (CEM) is commonly used for planning in model-based reinforcement learning (MBRL) where a centralized approach is typically utilized to update the sampling distribution based on only the top-$k$ operation's results on…

Machine Learning · Computer Science 2022-12-19 Zichen Zhang , Jun Jin , Martin Jagersand , Jun Luo , Dale Schuurmans

In this paper we present a framework for risk-sensitive model predictive control (MPC) of linear systems affected by stochastic multiplicative uncertainty. Our key innovation is to consider a time-consistent, dynamic risk evaluation of the…

Optimization and Control · Mathematics 2018-04-26 Sumeet Singh , Yin-Lam Chow , Anirudha Majumdar , Marco Pavone

This paper presents a coordinative demand charge mitigation (DCM) strategy for reducing electricity consumption during system peak periods. Available DCM resources include batteries, diesel generators, controllable loads, and conservation…

Systems and Control · Electrical Eng. & Systems 2023-02-02 Rongxing Hu , Kai Ye , Hyeonjin Kim , Hanpyo Lee , Ning Lu , Di Wu , PJ Rehm

Cooperative collision avoidance between robots, or `agents,' in swarm operations remains an open challenge. Assuming a decentralized architecture, each agent is responsible for making its own decisions and choosing its control actions. Most…

Optimization and Control · Mathematics 2026-01-01 Georg Schildbach