Robust Bayesian Analysis
In statistics, robust Bayesian analysis, also called Bayesian sensitivity analysis, is a type of sensitivity analysis applied to the outcome from Bayesian inference or Bayesian optimal decisions. Sensitivity analysis Robust Bayesian analysis, also called Bayesian sensitivity analysis, investigates the robustness of answers from a Bayesian analysis to uncertainty about the precise details of the analysis.Berger, J.O. (1994)"An overview of robust Bayesian analysis"(with discussion). ''Test'' 3: 5-124.Pericchi, L.R. (2000) An answer is ''robust'' if it does not depend sensitively on the assumptions and calculation inputs on which it is based. Robust Bayes methods acknowledge that it is sometimes very difficult to come up with precise distributions to be used as priors. Likewise the appropriate likelihood function that should be used for a particular problem may also be in doubt. In a robust Bayes approach, a standard Bayesian analysis is applied to all possible combinations of pr ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Statistics
Statistics (from German language, German: ''wikt:Statistik#German, Statistik'', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model to be studied. Populations can be diverse groups of people or objects such as "all people living in a country" or "every atom composing a crystal". Statistics deals with every aspect of data, including the planning of data collection in terms of the design of statistical survey, surveys and experimental design, experiments.Dodge, Y. (2006) ''The Oxford Dictionary of Statistical Terms'', Oxford University Press. When census data cannot be collected, statisticians collect data by developing specific experiment designs and survey sample (statistics), samples. Representative sampling as ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Quantile Function
In probability and statistics, the quantile function, associated with a probability distribution of a random variable, specifies the value of the random variable such that the probability of the variable being less than or equal to that value equals the given probability. Intuitively, the quantile function associates with a range at and below a probability input the likelihood that a random variable is realized in that range for some probability distribution. It is also called the percentile function, percent-point function or inverse cumulative distribution function. Definition Strictly monotonic distribution function With reference to a continuous and strictly monotonic cumulative distribution function F_X\colon \mathbb \to ,1/math> of a random variable ''X'', the quantile function Q\colon , 1\to \mathbb returns a threshold value ''x'' below which random draws from the given c.d.f. would fall ''100*p'' percent of the time. In terms of the distribution function ''F'', the qua ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Journal Of The Royal Statistical Society
The ''Journal of the Royal Statistical Society'' is a peer-reviewed scientific journal of statistics. It comprises three series and is published by Wiley for the Royal Statistical Society. History The Statistical Society of London was founded in 1834, but would not begin producing a journal for four years. From 1834 to 1837, members of the society would read the results of their studies to the other members, and some details were recorded in the proceedings. The first study reported to the society in 1834 was a simple survey of the occupations of people in Manchester, England. Conducted by going door-to-door and inquiring, the study revealed that the most common profession was mill-hands, followed closely by weavers. When founded, the membership of the Statistical Society of London overlapped almost completely with the statistical section of the British Association for the Advancement of Science. In 1837 a volume of ''Transactions of the Statistical Society of London'' were wri ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Principle Of Maximum Entropy
The principle of maximum entropy states that the probability distribution which best represents the current state of knowledge about a system is the one with largest entropy, in the context of precisely stated prior data (such as a proposition that expresses testable information). Another way of stating this: Take precisely stated prior data or testable information about a probability distribution function. Consider the set of all trial probability distributions that would encode the prior data. According to this principle, the distribution with maximal information entropy is the best choice. History The principle was first expounded by E. T. Jaynes in two papers in 1957 where he emphasized a natural correspondence between statistical mechanics and information theory. In particular, Jaynes offered a new and very general rationale why the Gibbsian method of statistical mechanics works. He argued that the entropy of statistical mechanics and the information entropy of informati ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Second-order Monte Carlo Simulation
Second-order may refer to: Mathematics * Second order approximation, an approximation that includes quadratic terms * Second-order arithmetic, an axiomatization allowing quantification of sets of numbers * Second-order differential equation, a differential equation in which the highest derivative is the second * Second-order logic, an extension of predicate logic * Second-order perturbation, in perturbation theory Science and technology * Second-order cybernetics, the recursive application of cybernetics to itself and the reflexive practice of cybernetics according to this critique. * Second-order fluid, an extension of fluid dynamics * Second order Fresnel lens, a size of lighthouse lens * Second-order reaction, a reaction in which the rate is proportional to the square of a reactant's concentration Psychology and philosophy * Second-order conditioning, a form of learning from previous learning * Second-order desire, the desire to have a desire for something * Second-order sti ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Probability Bounds Analysis
Probability bounds analysis (PBA) is a collection of methods of uncertainty propagation for making qualitative and quantitative calculations in the face of uncertainties of various kinds. It is used to project partial information about random variables and other quantities through mathematical expressions. For instance, it computes sure bounds on the distribution of a sum, product, or more complex function, given only sure bounds on the distributions of the inputs. Such bounds are called probability boxes, and constrain cumulative probability distributions (rather than densities or mass functions). This bounding approach permits analysts to make calculations without requiring overly precise assumptions about parameter values, dependence among variables, or even distribution shape. Probability bounds analysis is essentially a combination of the methods of standard interval analysis and classical probability theory. Probability bounds analysis gives the same answer as interval ana ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Credal Set
A credal set is a set of probability distributions or, more generally, a set of (possibly finitely additive) probability measures. A credal set is often assumed or constructed to be a closed convex set. It is intended to express uncertainty or doubt about the probability model that should be used, or to convey the beliefs of a Bayesian agent about the possible states of the world.Cozman, F. (1999)Theory of Sets of Probabilities (and related models) in a Nutshell. If a credal set K(X) is closed and convex, then, by the Krein–Milman theorem, it can be equivalently described by its extreme points \mathrm(X)/math>. In that case, the expectation for a function f of X with respect to the credal set K(X) forms a closed interval underline[f\overline[f">.html" ;"title="underline[f">underline[f\overline[f, whose lower bound is called the lower prevision of f, and whose upper bound is called the upper prevision of f: :\underline \min_ \int f \, d\mu=\min_ \int f \, d\mu where \mu denote ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Imprecise Probability
Imprecise probability generalizes probability theory to allow for partial probability specifications, and is applicable when information is scarce, vague, or conflicting, in which case a unique probability distribution may be hard to identify. Thereby, the theory aims to represent the available knowledge more accurately. Imprecision is useful for dealing with expert elicitation, because: * People have a limited ability to determine their own subjective probabilities and might find that they can only provide an interval. * As an interval is compatible with a range of opinions, the analysis ought to be more convincing to a range of different people. Introduction Uncertainty is traditionally modelled by a probability distribution, as developed by Kolmogorov, Laplace, de Finetti, Ramsey, Cox, Lindley, and many others. However, this has not been unanimously accepted by scientists, statisticians, and probabilists: it has been argued that some modification or broadening of probabili ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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The Indian Journal Of Statistics
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pr ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Probability Box
A probability box (or p-box) is a characterization of uncertain numbers consisting of both aleatoric and epistemic uncertainties that is often used in risk analysis or quantitative uncertainty modeling where numerical calculations must be performed. Probability bounds analysis is used to make arithmetic and logical calculations with p-boxes. An example p-box is shown in the figure at right for an uncertain number ''x'' consisting of a left (upper) bound and a right (lower) bound on the probability distribution for ''x''. The bounds are coincident for values of ''x'' below 0 and above 24. The bounds may have almost any shape, including step functions, so long as they are monotonically increasing and do not cross each other. A p-box is used to express simultaneously incertitude (epistemic uncertainty), which is represented by the breadth between the left and right edges of the p-box, and variability (aleatory uncertainty), which is represented by the overall slant of the p- ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Mixture (probability)
In probability theory and statistics, a mixture is a probabilistic combination of two or more probability distributions. The concept arises mostly in two contexts: :* A mixture defining a new probability distribution from some existing ones, as in a mixture distribution or a compound distribution. Here a major problem often is to derive the properties of the resulting distribution. :* A mixture used as a statistical model such as is often used for statistical classification. The model may represent the population from which observations arise as a mixture of several components, and the problem is that of a mixture model, in which the task is to infer from which of a ''discrete'' set of sub-populations each observation originated. See also * Mixture distribution * Compound distribution * Mixture model In statistics, a mixture model is a probabilistic model for representing the presence of subpopulations within an overall population, without requiring that an observed data set ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sensitivity Analysis
Sensitivity analysis is the study of how the uncertainty in the output of a mathematical model or system (numerical or otherwise) can be divided and allocated to different sources of uncertainty in its inputs. A related practice is uncertainty analysis, which has a greater focus on uncertainty quantification and propagation of uncertainty; ideally, uncertainty and sensitivity analysis should be run in tandem. The process of recalculating outcomes under alternative assumptions to determine the impact of a variable under sensitivity analysis can be useful for a range of purposes, including: * Testing the robustness of the results of a model or system in the presence of uncertainty. * Increased understanding of the relationships between input and output variables in a system or model. * Uncertainty reduction, through the identification of model input that cause significant uncertainty in the output and should therefore be the focus of attention in order to increase robustness (perhap ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |