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Author:

Xu, Min (Xu, Min.) | Qin, Zhongfeng (Qin, Zhongfeng.)

Indexed by:

Scopus SCIE

Abstract:

Interval-valued data, as typical symbolic data, provide a feasible way to deal with massive data sets. Although a lot of literature has been focused on researching interval-valued regression models, few works are devoted to exploring Bayesian methods for interval-valued data. In this paper, we propose a novel Bayesian parametrized method for interval-valued data by transforming an interval into a reference point, and further establish a Bayesian linear regression model. The advantage of the Bayesian parametrized method is to make use of full information within intervals and meanwhile it can solve the potential problem of multicollinearity in the parametrized method. We assume the prior distribution is normal with zero mean, and employ the EM algorithm to obtain the empirical Bayes estimates. The results of experimental and real data sets show that the Bayesian parametrized method has a superior forecasting advantage when the sample size is small and the random error is large.

Keyword:

Parametrized method Interval-valued data Bayesian method EM algorithm

Author Community:

  • [ 1 ] [Xu, Min]Beijing Univ Technol, Fac Sci, Sch Stat & Data Sci, Beijing, Peoples R China
  • [ 2 ] [Qin, Zhongfeng]Beihang Univ, Sch Econ & Management, Beijing, Peoples R China
  • [ 3 ] [Qin, Zhongfeng]Beihang Univ, Key Lab Complex Syst Anal Management & Decis, Minist Educ, Beijing, Peoples R China
  • [ 4 ] [Xu, Min]East China Normal Univ, Key Lab Adv Theory & Applicat Stat & Data Sci, Minist Educ, Shanghai, Peoples R China

Reprint Author's Address:

  • [Qin, Zhongfeng]Beihang Univ, Sch Econ & Management, Beijing, Peoples R China;;[Qin, Zhongfeng]Beihang Univ, Key Lab Complex Syst Anal Management & Decis, Minist Educ, Beijing, Peoples R China;;

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Source :

STATISTICS AND COMPUTING

ISSN: 0960-3174

Year: 2023

Issue: 3

Volume: 33

2 . 2 0 0

JCR@2022

ESI Discipline: COMPUTER SCIENCE;

ESI HC Threshold:19

Cited Count:

WoS CC Cited Count: 0

SCOPUS Cited Count: 6

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 8

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