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Record W3010053762 · doi:10.5539/ibr.v13n4p14

OLS-Regression Forecasting Confidence Intervals Capture Rates: Precision Profiling in the Forecasting Model Selection Process

2020· article· en· W3010053762 on OpenAlexvenueno aff
Frank Heilig, Edward J. Lusk

Bibliographic record

VenueInternational Business Research · 2020
Typearticle
Languageen
FieldDecision Sciences
TopicForecasting Techniques and Applications
Canadian institutionsnot available
FundersState University of New York
KeywordsEconometricsRegressionConfidence intervalOrdinary least squaresLinear regressionComputer scienceStatisticsMathematics

Abstract

fetched live from OpenAlex

Forecasting creates projections into an uncertain future. To understand the decision-making implications of the forecast, confidence intervals [CIs] are required. This seems simple enough. However, considering the details of the computations that underlie generating forecasting CIs, one encounters a practical disconnect that can create a decision-making paradox. In the OLS 2-parameter linear regression [OLSR] case, there are two forecasting Models that are often employed: {The Uni-variate Time Series & The Standard two-variable Regression Y:X}. Further, for each of these two Models individually, there are three (1-FPE[α]) %CIs Versions: {Excel, Fixed Effects & Random Effects} each of which is oriented around the same OLSR-forecast value. Given this component configuration, a paradox emerges because each of the forecasting models, {TS or Y:X}, individually produces a forecast with a markedly difference precision profile over the three CI-Versions. In our experience, this is paradoxical as forecasters assume that as the forecasts are the same in each model-class, their Capture Rate—the percentage of time that the actual future values are IN the CIs—should also be the same. To address this seeming paradox, we develop, detail, and illustrate a two-stage OLSR Decomposition and Screening protocol, termed: the [D&S-Triage] protocol that has the following components: (i) Stage A: decomposition of the Model & Version factor-sets to better understand the implications of their Precision differences, and (ii) Stage B: focusing on inferentially significant forecasting model components, create a multilevel quality-algorithm to identify a forecasting model-set that addresses the Quality of the Capture Rate that are the best in their class.

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 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)0.007
metaresearch head score (Gemma)0.023
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMetaresearch
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.401
Threshold uncertainty score0.985

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0070.023
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.004
Science and technology studies0.0000.000
Scholarly communication0.0010.001
Open science0.0030.000
Research integrity0.0000.001
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 head0.509
GPT teacher head0.521
Teacher spread0.012 · 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 teacher head, not a consensus.

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

Citations0
Published2020
Admission routes1
Has abstractyes

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