6,670 research outputs found
Functional Data Analysis in Electronic Commerce Research
This paper describes opportunities and challenges of using functional data
analysis (FDA) for the exploration and analysis of data originating from
electronic commerce (eCommerce). We discuss the special data structures that
arise in the online environment and why FDA is a natural approach for
representing and analyzing such data. The paper reviews several FDA methods and
motivates their usefulness in eCommerce research by providing a glimpse into
new domain insights that they allow. We argue that the wedding of eCommerce
with FDA leads to innovations both in statistical methodology, due to the
challenges and complications that arise in eCommerce data, and in online
research, by being able to ask (and subsequently answer) new research questions
that classical statistical methods are not able to address, and also by
expanding on research questions beyond the ones traditionally asked in the
offline environment. We describe several applications originating from online
transactions which are new to the statistics literature, and point out
statistical challenges accompanied by some solutions. We also discuss some
promising future directions for joint research efforts between researchers in
eCommerce and statistics.Comment: Published at http://dx.doi.org/10.1214/088342306000000132 in the
Statistical Science (http://www.imstat.org/sts/) by the Institute of
Mathematical Statistics (http://www.imstat.org
Bayesian Functional Data Analysis Using WinBUGS
We provide user friendly software for Bayesian analysis of functional data models using \pkg{WinBUGS}~1.4. The excellent properties of Bayesian analysis in this context are due to: (1) dimensionality reduction, which leads to low dimensional projection bases; (2) mixed model representation of functional models, which provides a modular approach to model extension; and (3) orthogonality of the principal component bases, which contributes to excellent chain convergence and mixing properties. Our paper provides one more, essential, reason for using Bayesian analysis for functional models: the existence of software.
Functional Data Analysis with Increasing Number of Projections
Functional principal components (FPC's) provide the most important and most
extensively used tool for dimension reduction and inference for functional
data. The selection of the number, d, of the FPC's to be used in a specific
procedure has attracted a fair amount of attention, and a number of reasonably
effective approaches exist. Intuitively, they assume that the functional data
can be sufficiently well approximated by a projection onto a finite-dimensional
subspace, and the error resulting from such an approximation does not impact
the conclusions. This has been shown to be a very effective approach, but it is
desirable to understand the behavior of many inferential procedures by
considering the projections on subspaces spanned by an increasing number of the
FPC's. Such an approach reflects more fully the infinite-dimensional nature of
functional data, and allows to derive procedures which are fairly insensitive
to the selection of d. This is accomplished by considering limits as d tends to
infinity with the sample size.
We propose a specific framework in which we let d tend to infinity by
deriving a normal approximation for the two-parameter partial sum process of
the scores \xi_{i,j} of the i-th function with respect to the j-th FPC. Our
approximation can be used to derive statistics that use segments of
observations and segments of the FPC's. We apply our general results to derive
two inferential procedures for the mean function: a change-point test and a
two-sample test. In addition to the asymptotic theory, the tests are assessed
through a small simulation study and a data example
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