{"product_id":"fence-methods-9789814596060-new","title":"The Fence Methods","description":"\u003cp\u003e \u003c\/p\u003e\u003cp\u003eThis book is about a recently developed class of strategies, known as the fence methods, which fits particularly well in non-conventional and complex model selection problems with practical considerations. The idea involves a procedure to isolate a subgroup of what are known as correct models, of which the optimal model is a member. This is accomplished by constructing a statistical \u003cem\u003efence\u003c\/em\u003e, or barrier, to carefully eliminate incorrect models. Once the fence is constructed, the optimal model is selected from amongst those within the fence according to a criterion which can be made flexible. In particular, the criterion of optimality can incorporate consideration of practical interest, thus making model selection a real life practice.\u003c\/p\u003e\u003cp\u003eFurthermore, this book introduces a data-driven approach, called \u003cem\u003eadaptive fence\u003c\/em\u003e, which can be used in a wide range of problems involving determination of tuning parameters, or constants. Instead of relying on asymptotic theory, the fence focuses on finite-sample performance, and computation. Such features are particularly suitable to statistics in the new era.\u003c\/p\u003e","brand":"WORLD SCIENTIFIC PUB CO INC","offers":[{"title":"New","offer_id":51543660888354,"sku":"9789814596060-new","price":106.31,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0893\/4755\/5618\/files\/9789814596060.jpg?v=1776388452","url":"https:\/\/www.albakireads.com\/products\/fence-methods-9789814596060-new","provider":"AlbakiReads","version":"1.0","type":"link"}