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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 OpenAlexaffvenue
Hui Xiao, Yiguo Sun

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.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.020
metaresearch head score (Gemma)0.081
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.020
Threshold uncertainty score0.108

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0200.081
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0020.002
Bibliometrics0.0020.002
Science and technology studies0.0010.003
Scholarly communication0.0020.003
Open science0.0020.002
Research integrity0.0020.002
Insufficient payload (model declined to judge)0.0020.000

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

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations7
Published2019
Admission routes2
Has abstractyes

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