The purpose of statistical model selection is to identify a parsimonious model, which is a model that is as simple as possible while maintaining good predictive ability over the outcome of interest.

Model selection is an important part of any statistical analysis and, indeed, is central to the pursuit of science in general. Many authors have examined the question of model selection from both ...

Suppose we observe samples of a subset of a collection of random variables. No additional information is provided about the number of latent variables, nor of the relationship between the latent and ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

A new model now gives researchers a tool that extends past observing static networks at a single snapshot in time, which is hugely beneficial since network data are usually dynamic. Researchers at ...

SEATTLE, WA, AUGUST 11, 2015 - A statistical model--now an easy-to-use software tool--local police can use to identify a series of related crimes and nab a suspect was unveiled today by Michael D.