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This paper introduces a Monte Carlo method for maximum likelihood inference in the context of discretely observed diffusion processes. The method gives unbiased and a.s.\@ continuous estimators of the likelihood function for a family of…

统计理论 · 数学 2009-03-03 Alexandros Beskos , Omiros Papaspiliopoulos , Gareth Roberts

This paper considers a proportional hazards model, which allows one to examine the extent to which covariates interact nonlinearly with an exposure variable, for analysis of lifetime data. A local partial-likelihood technique is proposed to…

统计理论 · 数学 2007-06-13 Jianqing Fan , Huazhen Lin , Yong Zhou

Variational inference methods have been shown to lead to significant improvements in the computational efficiency of approximate Bayesian inference in mixed multinomial logit models when compared to standard Markov-chain Monte Carlo (MCMC)…

统计计算 · 统计学 2020-04-14 Filipe Rodrigues

We consider the problem of numerically estimating expectations of solutions to stochastic differential equations driven by Brownian motions in the commonly occurring small noise regime. We consider (i) standard Monte Carlo methods combined…

数值分析 · 数学 2015-06-08 David F. Anderson , Desmond J. Higham , Yu Sun

We consider the $\mathcal{H}^2$-formatted compression and computational estimation of covariance functions on a compact set in $\mathbb{R}^d$. The classical sample covariance or Monte Carlo estimator is prohibitively expensive for many…

数值分析 · 数学 2023-01-31 Jürgen Dölz

In this note we study the numerical stability problem that may take place when calculating the cumulative distribution function of the {\it Hypoexponential} random variable. This computation is extensively used during the execution of Monte…

应用统计 · 统计学 2013-06-26 Ilya Gertsbakh , Eyal Neuman , Radislav Vaisman

We consider the problem of estimating expectations with respect to a target distribution with an unknown normalizing constant, and where even the unnormalized target needs to be approximated at finite resolution. Under such an assumption,…

数值分析 · 数学 2023-06-29 Xinzhu Liang , Shangda Yang , Simon L. Cotter , Kody J. H. Law

This position paper summarizes a recently developed research program focused on inference in the context of data centric science and engineering applications, and forecasts its trajectory forward over the next decade. Often one endeavours…

统计计算 · 统计学 2021-12-06 Ajay Jasra , Kody J. H. Law , Alexander Tarakanov , Fangyuan Yu

The expected value of partial perfect information (EVPPI) denotes the value of eliminating uncertainty on a subset of unknown parameters involved in a decision model. The EVPPI can be regarded as a decision-theoretic sensitivity index, and…

统计计算 · 统计学 2016-04-06 Takashi Goda

Markov chain Monte Carlo (MCMC) methods asymptotically sample from complex probability distributions. The pseudo-marginal MCMC framework only requires an unbiased estimator of the unnormalized probability distribution function to construct…

统计计算 · 统计学 2016-05-25 Iain Murray , Matthew M. Graham

We develop a theoretical framework for studying numerical estimation of lower previsions, generally applicable to two-level Monte Carlo methods, importance sampling methods, and a wide range of other sampling methods one might devise. We…

统计计算 · 统计学 2018-07-12 Matthias C. M. Troffaes

Contemporary scientific studies often rely on the understanding of complex quantum systems via computer simulation. This paper initiates the statistical study of quantum simulation and proposes a Monte Carlo method for estimating…

应用统计 · 统计学 2011-08-04 Yazhen Wang

Conditional Monte Carlo (CMC) has been widely used for sensitivity estimation with discontinuous integrands as a standard simulation technique. A major limitation of using CMC in this context is that finding conditioning variables to ensure…

概率论 · 数学 2016-03-22 Guiyun Feng , Guangwu Liu

In this review, we address the use of Monte Carlo methods for approximating definite integrals of the form $Z = \int L(x) d P(x)$, where $L$ is a target function (often a likelihood) and $P$ a finite measure. We present vertical-likelihood…

统计计算 · 统计学 2015-06-24 Nicholas G. Polson , James G. Scott

We consider estimating the marginal likelihood in settings with independent and identically distributed (i.i.d.) data. We propose estimating the predictive distributions in a sequential factorization of the marginal likelihood in such…

机器学习 · 统计学 2019-11-19 Scott A. Cameron , Hans C. Eggers , Steve Kroon

In this paper we introduce a new multilevel Monte Carlo (MLMC) estimator for multi-dimensional SDEs driven by Brownian motions. Giles has previously shown that if we combine a numerical approximation with strong order of convergence…

计算金融 · 定量金融 2014-05-19 Michael B. Giles , Lukasz Szpruch

Markov chain Monte Carlo (MCMC) methods generate samples that are asymptotically distributed from a target distribution of interest as the number of iterations goes to infinity. Various theoretical results provide upper bounds on the…

统计计算 · 统计学 2019-10-30 Niloy Biswas , Pierre E. Jacob , Paul Vanetti

This paper studies the multilevel Monte-Carlo estimator for the expectation of a maximum of conditional expectations. This problem arises naturally when considering many stress tests and appears in the calculation of the interest rate…

计算金融 · 定量金融 2021-04-14 Aurélien Alfonsi , Adel Cherchali , Jose Arturo Infante Acevedo

We study the smoothed log-concave maximum likelihood estimator of a probability distribution on $\mathbb{R}^d$. This is a fully automatic nonparametric density estimator, obtained as a canonical smoothing of the log-concave maximum…

统计理论 · 数学 2014-04-11 Yining Chen , Richard J. Samworth

Synthetic likelihood is an attractive approach to likelihood-free inference when an approximately Gaussian summary statistic for the data, informative for inference about the parameters, is available. The synthetic likelihood method derives…

统计方法学 · 统计学 2019-10-02 Victor M-H. Ong , David J. Nott , Minh-Ngoc Tran , Scott A. Sisson , Christopher C. Drovandi
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