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This paper tackles challenges in pricing and revenue projections due to consumer uncertainty. We propose a novel data-based approach for firms facing unknown consumer type distributions. Unlike existing methods, we assume firms only observe…

Theoretical Economics · Economics 2024-05-28 Duarte Gonçalves , Bruno A. Furtado

Multiple imputation is a straightforward method for handling missing data in a principled fashion. This paper presents an overview of multiple imputation, including important theoretical results and their practical implications for…

Methodology · Statistics 2018-01-15 Jared S. Murray

Prediction performance does not always reflect the estimation behaviour of a method. High error in estimation may necessarily not result in high prediction error, but can lead to an unreliable prediction if test data lie in a slightly…

Applications · Statistics 2020-09-22 Raju Rimal , Trygve Almøy , Solve Sæbø

Driven by recent advances in artificial intelligence (AI), a growing literature has demonstrated the potential for using large language models (LLMs) as scalable surrogates to generate human-like responses in many business applications. Two…

Machine Learning · Computer Science 2025-12-30 Lei Wang , Zikun Ye , Jinglong Zhao

Mutual information (MI) is a fundamental measure of statistical dependence between two variables, yet accurate estimation from finite data remains notoriously difficult. No estimator is universally reliable, and common approaches fail in…

Data Analysis, Statistics and Probability · Physics 2025-10-02 Eslam Abdelaleem , K. Michael Martini , Ilya Nemenman

Existing high-dimensional statistical methods are largely established for analyzing individual-level data. In this work, we study estimation and inference for high-dimensional linear models where we only observe "proxy data", which include…

Methodology · Statistics 2022-01-12 Sai Li , T. Tony Cai , Hongzhe Li

Stochastic planning can be reduced to probabilistic inference in large discrete graphical models, but hardness of inference requires approximation schemes to be used. In this paper we argue that such applications can be disentangled along…

Artificial Intelligence · Computer Science 2022-09-05 Zhennan Wu , Roni Khardon

One of the most complex tasks of decision making and planning is to gather information. This task becomes even more complex when the state is high-dimensional and its belief cannot be expressed with a parametric distribution. Although the…

Artificial Intelligence · Computer Science 2022-09-26 Gilad Rotman , Vadim Indelman

Prediction-Powered Inference (PPI) is a popular strategy for combining gold-standard and possibly noisy pseudo-labels to perform statistical estimation. Prior work has shown an asymptotic "free lunch" for PPI++, an adaptive form of PPI,…

Machine Learning · Statistics 2025-05-27 Pranav Mani , Peng Xu , Zachary C. Lipton , Michael Oberst

Large Language Models (LLMs) demonstrate potential to estimate the probability of uncertain events, by leveraging their extensive knowledge and reasoning capabilities. This ability can be applied to support intelligent decision-making…

Machine Learning · Computer Science 2026-01-15 Yang Nan , Qihao Wen , Jiahao Wang , Pengfei He , Ravi Tandon , Yong Ge , Han Xu

We study semiparametric efficiency bounds and efficient estimation of parameters defined through general moment restrictions with missing data. Identification relies on auxiliary data containing information about the distribution of the…

Statistics Theory · Mathematics 2008-04-04 Xiaohong Chen , Han Hong , Alessandro Tarozzi

Missing values are pervasive in real-world tabular data and can significantly impair downstream analysis. Imputing them is especially challenging in text-rich tables, where dependencies are implicit, complex, and dispersed across long…

Databases · Computer Science 2026-05-12 Soroush Omidvartehrani , Davood Rafiei

Model Predictive Path Integral (MPPI) control is a sampling-based optimization method that has recently attracted attention, particularly in the robotics and reinforcement learning communities. MPPI has been widely applied as a…

Systems and Control · Electrical Eng. & Systems 2026-02-26 Hannes Homburger , Katrin Baumgärtner , Moritz Diehl , Johannes Reuter

While statistics focusses on hypothesis testing and on estimating (properties of) the true sampling distribution, in machine learning the performance of learning algorithms on future data is the primary issue. In this paper we bridge the…

Machine Learning · Computer Science 2009-12-30 Marcus Hutter

Recent works have shown that attaching prompts to the input is effective at conditioning Language Models (LM) to perform specific tasks. However, prompts are always included in the input text during inference, thus incurring substantial…

Machine Learning · Computer Science 2022-07-18 Eunbi Choi , Yongrae Jo , Joel Jang , Minjoon Seo

The handling of probabilities in the form of uncertainty or partial information is an essential task for LLMs in many settings and applications. A common approach to evaluate an LLM's probabilistic reasoning capabilities is to assess its…

Artificial Intelligence · Computer Science 2026-02-12 Manuel Mondal , Ljiljana Dolamic , Gérôme Bovet , Philippe Cudré-Mauroux , Julien Audiffren

Large Language Model (LLM) inference systems present significant challenges in statistical performance characterization due to dynamic workload variations, diverse hardware architectures, and complex interactions between model size, batch…

Performance · Computer Science 2025-05-15 Kaustabha Ray , Nelson Mimura Gonzalez , Bruno Wassermann , Rachel Tzoref-Brill , Dean H. Lorenz

This paper considers ranking inference of $n$ items based on the observed data on the top choice among $M$ randomly selected items at each trial. This is a useful modification of the Plackett-Luce model for $M$-way ranking with only the top…

Methodology · Statistics 2023-01-09 Jianqing Fan , Zhipeng Lou , Weichen Wang , Mengxin Yu

Providing natural language-based explanations to justify recommendations helps to improve users' satisfaction and gain users' trust. However, as current explanation generation methods are commonly trained with an objective to mimic existing…

Information Retrieval · Computer Science 2024-08-22 Yurou Zhao , Yiding Sun , Ruidong Han , Fei Jiang , Lu Guan , Xiang Li , Wei Lin , Weizhi Ma , Jiaxin Mao

The success of the model predictive path integral control (MPPI) approach depends on the appropriate selection of the input distribution used for sampling. However, it can be challenging to select inputs that satisfy output constraints in…

Systems and Control · Electrical Eng. & Systems 2024-08-16 Leon , Yan , Santosh Devasia
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