54,185 research outputs found

    A survey of popular R packages for cluster analysis

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    Cluster analysis is a set of statistical methods for discovering new group/class structure when exploring datasets. This article reviews the following popular libraries/commands in the R software language for applying different types of cluster analysis: from the stats library, the kmeans and hclust functions; the mclust library; the poLCA library; and the clustMD library. The packages/functions cover a variety of cluster analysis methods for continuous data, categorical data or a collection of the two. The contrasting methods in the different packages are briefly introduced and basic usage of the functions is discussed. The use of the different methods is compared and contrasted and then illustrated on example data. In the discussion, links to information on other available libraries for different clustering methods and extensions beyond basic clustering methods are given. The code for the worked examples in Section 2 is available at http://www.stats.gla.ac.uk/~nd29c/Software/ClusterReviewCode.

    Non-parametric Bayesian modeling of complex networks

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    Modeling structure in complex networks using Bayesian non-parametrics makes it possible to specify flexible model structures and infer the adequate model complexity from the observed data. This paper provides a gentle introduction to non-parametric Bayesian modeling of complex networks: Using an infinite mixture model as running example we go through the steps of deriving the model as an infinite limit of a finite parametric model, inferring the model parameters by Markov chain Monte Carlo, and checking the model's fit and predictive performance. We explain how advanced non-parametric models for complex networks can be derived and point out relevant literature

    A Tutorial on Bayesian Nonparametric Models

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    A key problem in statistical modeling is model selection, how to choose a model at an appropriate level of complexity. This problem appears in many settings, most prominently in choosing the number ofclusters in mixture models or the number of factors in factor analysis. In this tutorial we describe Bayesian nonparametric methods, a class of methods that side-steps this issue by allowing the data to determine the complexity of the model. This tutorial is a high-level introduction to Bayesian nonparametric methods and contains several examples of their application.Comment: 28 pages, 8 figure

    Latent class analysis for segmenting preferences of investment bonds

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    Market segmentation is a key component of conjoint analysis which addresses consumer preference heterogeneity. Members in a segment are assumed to be homogenous in their views and preferences when worthing an item but distinctly heterogenous to members of other segments. Latent class methodology is one of the several conjoint segmentation procedures that overcome the limitations of aggregate analysis and a-priori segmentation. The main benefit of Latent class models is that market segment membership and regression parameters of each derived segment are estimated simultaneously. The Latent class model presented in this paper uses mixtures of multivariate conditional normal distributions to analyze rating data, where the likelihood is maximized using the EM algorithm. The application focuses on customer preferences for investment bonds described by four attributes; currency, coupon rate, redemption term and price. A number of demographic variables are used to generate segments that are accessible and actionable.peer-reviewe
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