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Precluding rare outcomes by predicting their absence

Forecasting extremely rare events is a pressing problem, but efforts to model such outcomes are often limited by the presence of multiple causes within classes of events, insufficient observations of the outcome to assess fit, and biased estimates due to insufficient observations of the outcome. We...

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Detalles Bibliográficos
Autores principales: Schoon, Eric W., Melamed, David, Breiger, Ronald L., Yoon, Eunsung, Kleps, Christopher
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2019
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6786560/
https://www.ncbi.nlm.nih.gov/pubmed/31600272
http://dx.doi.org/10.1371/journal.pone.0223239
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author Schoon, Eric W.
Melamed, David
Breiger, Ronald L.
Yoon, Eunsung
Kleps, Christopher
author_facet Schoon, Eric W.
Melamed, David
Breiger, Ronald L.
Yoon, Eunsung
Kleps, Christopher
author_sort Schoon, Eric W.
collection PubMed
description Forecasting extremely rare events is a pressing problem, but efforts to model such outcomes are often limited by the presence of multiple causes within classes of events, insufficient observations of the outcome to assess fit, and biased estimates due to insufficient observations of the outcome. We introduce a novel approach for analyzing rare event data that addresses these challenges by turning attention to the conditions under which rare outcomes do not occur. We detail how configurational methods can be used to identify conditions or sets of conditions that would preclude the occurrence of a rare outcome. Results from Monte Carlo experiments show that our approach can be used to systematically preclude up to 78.6% of observations, and application to ground-truth data coupled with a bootstrap inferential test illustrates how our approach can also yield novel substantive insights that are obscured by standard statistical analyses.
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spelling pubmed-67865602019-10-19 Precluding rare outcomes by predicting their absence Schoon, Eric W. Melamed, David Breiger, Ronald L. Yoon, Eunsung Kleps, Christopher PLoS One Research Article Forecasting extremely rare events is a pressing problem, but efforts to model such outcomes are often limited by the presence of multiple causes within classes of events, insufficient observations of the outcome to assess fit, and biased estimates due to insufficient observations of the outcome. We introduce a novel approach for analyzing rare event data that addresses these challenges by turning attention to the conditions under which rare outcomes do not occur. We detail how configurational methods can be used to identify conditions or sets of conditions that would preclude the occurrence of a rare outcome. Results from Monte Carlo experiments show that our approach can be used to systematically preclude up to 78.6% of observations, and application to ground-truth data coupled with a bootstrap inferential test illustrates how our approach can also yield novel substantive insights that are obscured by standard statistical analyses. Public Library of Science 2019-10-10 /pmc/articles/PMC6786560/ /pubmed/31600272 http://dx.doi.org/10.1371/journal.pone.0223239 Text en © 2019 Schoon et al http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Schoon, Eric W.
Melamed, David
Breiger, Ronald L.
Yoon, Eunsung
Kleps, Christopher
Precluding rare outcomes by predicting their absence
title Precluding rare outcomes by predicting their absence
title_full Precluding rare outcomes by predicting their absence
title_fullStr Precluding rare outcomes by predicting their absence
title_full_unstemmed Precluding rare outcomes by predicting their absence
title_short Precluding rare outcomes by predicting their absence
title_sort precluding rare outcomes by predicting their absence
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6786560/
https://www.ncbi.nlm.nih.gov/pubmed/31600272
http://dx.doi.org/10.1371/journal.pone.0223239
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