Predictive Statistics
Analysis and Inference beyond Models

A bold retooling of statistics to focus directly on predictive performance with traditional and contemporary data types and methodologies.

Bertrand S. Clarke (Author), Jennifer L. Clarke (Author)

9781107028289, Cambridge University Press

Hardback, published 12 April 2018

656 pages
25.9 x 18 x 4 cm, 1.33 kg

'The book Predictive Statistics by Bertrand S. and Jennifer L. Clarke provides for an interesting and thought-provoking read. The underlying idea is that much of current statistical thinking is focused on model building instead of taking prediction seriously.' Harald Binder, Biometrical Journal

All scientific disciplines prize predictive success. Conventional statistical analyses, however, treat prediction as secondary, instead focusing on modeling and hence estimation, testing, and detailed physical interpretation, tackling these tasks before the predictive adequacy of a model is established. This book outlines a fully predictive approach to statistical problems based on studying predictors; the approach does not require predictors correspond to a model although this important special case is included in the general approach. Throughout, the point is to examine predictive performance before considering conventional inference. These ideas are traced through five traditional subfields of statistics, helping readers to refocus and adopt a directly predictive outlook. The book also considers prediction via contemporary 'black box' techniques and emerging data types and methodologies where conventional modeling is so difficult that good prediction is the main criterion available for evaluating the performance of a statistical method. Well-documented open-source R code in a Github repository allows readers to replicate examples and apply techniques to other investigations.

Part I. The Predictive View: 1. Why prediction?
2. Defining a predictive paradigm
3. What about modeling?
4. Models and predictors: a bickering couple
Part II. Established Settings for Prediction: 5. Time series
6. Longitudinal data
7. Survival analysis
8. Nonparametric methods
9. Model selection
Part III. Contemporary Prediction: 10. Blackbox techniques
11. Ensemble methods
12. The future of prediction
References
Index.

Subject Areas: Signal processing [UYS], Machine learning [UYQM], Data mining [UNF], Probability & statistics [PBT], Economic forecasting [KCJ]