An Analysis of the Impact of Research and Development on Productivity Using Bayesian Model Averaging with a Reversible Jump Algorithm

2010 ◽  
Vol 92 (4) ◽  
pp. 985-998 ◽  
Author(s):  
Kelvin Balcombe ◽  
George Rapsomanikis
Epidemiology ◽  
2017 ◽  
Vol 28 (6) ◽  
pp. 889-897 ◽  
Author(s):  
Esra Kürüm ◽  
Joshua L. Warren ◽  
Cynthia Schuck-Paim ◽  
Roger Lustig ◽  
Joseph A. Lewnard ◽  
...  

2015 ◽  
Vol 143 (9) ◽  
pp. 3628-3641 ◽  
Author(s):  
Jiangshan Zhu ◽  
Fanyou Kong ◽  
Lingkun Ran ◽  
Hengchi Lei

Abstract To study the impact of training sample heterogeneity on the performance of Bayesian model averaging (BMA), two BMA experiments were performed on probabilistic quantitative precipitation forecasts (PQPFs) in the northern China region in July and August of 2010 generated from an 11-member short-range ensemble forecasting system. One experiment, as in many conventional BMA studies, used an overall training sample that consisted of all available cases in the training period, while the second experiment used stratified sampling BMA by first dividing all available training cases into subsamples according to their ensemble spread, and then performing BMA on each subsample. The results showed that ensemble spread is a good criterion to divide ensemble precipitation cases into subsamples, and that the subsamples have different statistical properties. Pooling the subsamples together forms a heterogeneous overall sample. Conventional BMA is incapable of interpreting heterogeneous samples, and produces unreliable PQPF. It underestimates the forecast probability at high-threshold PQPF and local rainfall maxima in BMA percentile forecasts. BMA with stratified sampling according to ensemble spread overcomes the problem reasonably well, producing sharper predictive probability density functions and BMA percentile forecasts, and more reliable PQPF than the conventional BMA approach. The continuous ranked probability scores, Brier skill scores, and reliability diagrams of the two BMA experiments were examined for all available forecast days, along with a logistic regression experiment. Stratified sampling BMA outperformed the raw ensemble and conventional BMA in all verifications, and also showed better skill than logistic regression in low-threshold forecasts.


Author(s):  
Mohsen Mehrara ◽  
Arezoo Ghazanfari ◽  
Motahareh Alsadat Majdzadeh

Due to the important influence of inflation on macro-economic variables, researchers pay tremendous amount of attention to its determinants. Accordingly, in the following research, the impact of 13 variables on inflation during the period of 1338-1391 by using Bayesian Model Averaging (BMA) method has been investigated for Iran economy. The ranking of the 13 explanatory variables are obtained based on the probability of their inclusion in model. The results show that the energy price and money imbalance (lagged ratio of money to nominal output) have expected and positive effect on inflation rate with a probability of 100 % and they are considered as the key explanatory variables in inflation equation. The energy price, money imbalance, money growth and market exchange rate growth have the first to fourth rank respectively. The influence of the production growth is not significant on the inflation in the short-run but it gradually influences the inflation through money imbalance channel in the long-run. In addition, most of the disinflation effects due to decrease in money supply will appear with delay. These results imply the dominance of monetary variables on inflation with cost push factors not having important impacts on prices. Also, oil revenue and imports influence the inflation through exchange rate channel, production and money velocity.


2016 ◽  
Vol 17 (11) ◽  
pp. 2923-2940 ◽  
Author(s):  
Ervin Zsótér ◽  
Florian Pappenberger ◽  
Paul Smith ◽  
Rebecca Elizabeth Emerton ◽  
Emanuel Dutra ◽  
...  

Abstract In the last decade operational probabilistic ensemble flood forecasts have become common in supporting decision-making processes leading to risk reduction. Ensemble forecasts can assess uncertainty, but they are limited to the uncertainty in a specific modeling system. Many of the current operational flood prediction systems use a multimodel approach to better represent the uncertainty arising from insufficient model structure. This study presents a multimodel approach to building a global flood prediction system using multiple atmospheric reanalysis datasets for river initial conditions and multiple TIGGE forcing inputs to the ECMWF land surface model. A sensitivity study is carried out to clarify the effect of using archive ensemble meteorological predictions and uncoupled land surface models. The probabilistic discharge forecasts derived from the different atmospheric models are compared with those from the multimodel combination. The potential for further improving forecast skill by bias correction and Bayesian model averaging is examined. The results show that the impact of the different TIGGE input variables in the HTESSEL/Catchment-Based Macroscale Floodplain model (CaMa-Flood) setup is rather limited other than for precipitation. This provides a sufficient basis for evaluation of the multimodel discharge predictions. The results also highlight that the three applied reanalysis datasets have different error characteristics that allow for large potential gains with a multimodel combination. It is shown that large improvements to the forecast performance for all models can be achieved through appropriate statistical postprocessing (bias and spread correction). A simple multimodel combination generally improves the forecasts, while a more advanced combination using Bayesian model averaging provides further benefits.


2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Yajie Zou ◽  
Bo Lin ◽  
Xiaoxue Yang ◽  
Lingtao Wu ◽  
Malik Muneeb Abid ◽  
...  

Identifying the influential factors in incident duration is important for traffic management agency to mitigate the impact of traffic incidents on freeway operation. Previous studies have proposed a variety of approaches to determine the significant factors for traffic incident clearance time. These methods commonly select a single “true” model among a majority of alternative models based on some model selection criteria. However, the conventional methods generally neglect the uncertainty related to the choice of models. This paper proposes a Bayesian Model Averaging (BMA) model to account for model uncertainty by averaging all plausible models using posterior probability as the weight. The BMA model is used to analyze the 2,584 freeway incident records obtained from I-5 corridor in Seattle, WA, USA. The results show that the BMA approach has the capability of interpreting the causal relationship between explanatory variables and clearance time. In addition, the BMA approach can provide better prediction performance than the Cox proportional hazards model and the accelerated failure time models. Overall, the findings in this study can be useful for traffic emergency management agency to apply an alternative methodology for predicting traffic incident clearance time when model uncertainty is considered.


Author(s):  
Lorenzo Bencivelli ◽  
Massimiliano Giuseppe Marcellino ◽  
Gianluca Moretti

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