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When the in-sample Sharpe ratio is obtained by optimizing over a k-dimensional parameter space, it is a biased estimator for what can be expected on unseen data (out-of-sample). We derive (1) an unbiased estimator adjusting for both sources…

Statistical Finance · Quantitative Finance 2020-05-26 Dirk Paulsen , Jakob Söhl

In regular statistical models, the leave-one-out cross-validation is asymptotically equivalent to the Akaike information criterion. However, since many learning machines are singular statistical models, the asymptotic behavior of the…

Machine Learning · Computer Science 2010-10-15 Sumio Watanabe

When performing regression or classification, we are interested in the conditional probability distribution for an outcome or class variable Y given a set of explanatoryor input variables X. We consider Bayesian models for this task. In…

Machine Learning · Computer Science 2013-02-08 David Heckerman , Christopher Meek

Information criteria (IC) have been widely used in factor models to estimate an unknown number of latent factors. It has recently been shown that IC perform well in Common Correlated Effects (CCE) and related setups in selecting a set of…

Econometrics · Economics 2025-10-07 Jan Ditzen , Ovidijus Stauskas

For many scientific questions, understanding the underlying mechanism is the goal. To help investigators better understand the underlying mechanism, variable selection is a crucial step that permits the identification of the most associated…

Methodology · Statistics 2025-10-06 Shuangshuang Xu , Marco A. R. Ferreira , Allison N. Tegge

We derive an information criterion to select a parametric model of complete-data distribution when only incomplete or partially observed data is available. Compared with AIC, our new criterion has an additional penalty term for missing…

Methodology · Statistics 2016-11-07 Hidetoshi Shimodaira , Haruyoshi Maeda

Learning for animals or humans is the process that leads to behaviors better adapted to the environment. This process highly depends on the individual that learns and is usually observed only through the individual's actions. This article…

Machine Learning · Statistics 2025-02-20 Julien Aubert , Louis Köhler , Luc Lehéricy , Giulia Mezzadri , Patricia Reynaud-Bouret

This paper examines the limit properties of information criteria (such as AIC, BIC, HQIC) for distinguishing between the unit root model and the various kinds of explosive models. The explosive models include the local-to-unit-root model,…

Statistics Theory · Mathematics 2021-07-22 Yubo Tao , Jun Yu

A stochastic search method, the so-called Adaptive Subspace (AdaSub) method, is proposed for variable selection in high-dimensional linear regression models. The method aims at finding the best model with respect to a certain model…

Computation · Statistics 2021-04-20 Christian Staerk , Maria Kateri , Ioannis Ntzoufras

Regularized m-estimators are widely used due to their ability of recovering a low-dimensional model in high-dimensional scenarios. Some recent efforts on this subject focused on creating a unified framework for establishing oracle bounds,…

Methodology · Statistics 2023-09-06 Eduardo F. Mendes , Gabriel J. P. Pinto

Dynamical system state estimation and parameter calibration problems are ubiquitous across science and engineering. Bayesian approaches to the problem are the gold standard as they allow for the quantification of uncertainties and enable…

Data Analysis, Statistics and Probability · Physics 2024-11-12 Kairui Hao , Ilias Bilionis

Akaike's Bayesian information criterion (ABIC) has been widely used in geophysical inversion and beyond. However, little has been done to investigate its statistical aspects. We present an alternative derivation of the marginal distribution…

Methodology · Statistics 2023-02-10 Peiliang Xu

Large sample behavior of dynamic information borrowing (DIB) estimators is investigated. Asymptotic properties of several DIB approaches (adaptive risk minimization, adaptive LASSO, Bayesian procedures with empirical power prior, fully…

Methodology · Statistics 2025-03-03 Sergey Tarima , Silvia Calderazzo , Mary Homan

We present a statistical perspective on boosting. Special emphasis is given to estimating potentially complex parametric or nonparametric models, including generalized linear and additive models as well as regression models for survival…

Methodology · Statistics 2008-12-18 Peter Bühlmann , Torsten Hothorn

Atmospheric modeling has recently experienced a surge with the advent of deep learning. Most of these models, however, predict concentrations of pollutants following a data-driven approach in which the physical laws that govern their…

Applications · Statistics 2021-07-08 Javier Rubio-Herrero , Carlos Ortiz Marrero , Wai-Tong Louis Fan

We consider the problem of decision-making with side information and unbounded loss functions. Inspired by probably approximately correct learning model, we use a slightly different model that incorporates the notion of side information in…

Machine Learning · Computer Science 2007-07-13 Majid Fozunbal , Ton Kalker

The classic Deviance Information Criterion (DIC) is not invariant to reparameterization and can have a negative and unstable effective number of parameters. The reason for the effective number of parameters being negative is actually that…

Methodology · Statistics 2026-05-28 Xingyao Xiao , Sophia Rabe-Hesketh

The exploration of complex physical or technological processes usually requires exploiting available information from different sources: (i) physical laws often represented as a family of parameter dependent partial differential equations…

Numerical Analysis · Mathematics 2020-02-04 Albert Cohen , Wolfgang Dahmen , Ron DeVore

We present a model selection framework for the extraction of the CKM matrix element $|V_{cb}|$ from exclusive $B \to D^* l \nu$ decays. By framing the truncation of the Boyd-Grinstein-Lebed (BGL) parameterization as a model selection task,…

High Energy Physics - Phenomenology · Physics 2024-12-11 Eric Persson , Florian Bernlochner

Methods for combining predictions from different models in a supervised learning setting must somehow estimate/predict the quality of a model's predictions at unknown future inputs. Many of these methods (often implicitly) make the…

Methodology · Statistics 2014-06-25 Thijs van Ommen