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Record W2946425730 · doi:10.3390/jrfm12030109

On Tuning Parameter Selection in Model Selection and Model Averaging: A Monte Carlo Study

2019· article· en· W2946425730 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.
venuePublished in a venue whose home country is Canada.

Bibliographic record

VenueJournal of risk and financial management · 2019
Typearticle
Languageen
FieldMathematics
TopicStatistical Methods and Inference
Canadian institutionsUniversity of Guelph
Fundersnot available
KeywordsEstimatorModel selectionMonte Carlo methodOrdinary least squaresSelection (genetic algorithm)MathematicsSample size determinationApplied mathematicsBayesian information criterionStatisticsMathematical optimizationComputer scienceArtificial intelligence

Abstract

fetched live from OpenAlex

Model selection and model averaging are popular approaches for handling modeling uncertainties. The existing literature offers a unified framework for variable selection via penalized likelihood and the tuning parameter selection is vital for consistent selection and optimal estimation. Few studies have explored the finite sample performances of the class of ordinary least squares (OLS) post-selection estimators with the tuning parameter determined by different selection approaches. We aim to supplement the literature by studying the class of OLS post-selection estimators. Inspired by the shrinkage averaging estimator (SAE) and the Mallows model averaging (MMA) estimator, we further propose a shrinkage MMA (SMMA) estimator for averaging high-dimensional sparse models. Our Monte Carlo design features an expanding sparse parameter space and further considers the effect of the effective sample size and the degree of model sparsity on the finite sample performances of estimators. We find that the OLS post-smoothly clipped absolute deviation (SCAD) estimator with the tuning parameter selected by the Bayesian information criterion (BIC) in finite sample outperforms most penalized estimators and that the SMMA performs better when averaging high-dimensional sparse models.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.504
Threshold uncertainty score0.331

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.034
GPT teacher head0.308
Teacher spread0.274 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it