New methods for small group analysis from sample surveys. National and state averages of statistics on issues such as unemployment, salinity, drought impact, and health often hide large differences between population sub-groups and between small areas. This local variation needs to be understood so that effective policies can be developed and carried out efficiently and their impact monitored. This project will provide, for the first time, robust and efficient methods for providing information o ....New methods for small group analysis from sample surveys. National and state averages of statistics on issues such as unemployment, salinity, drought impact, and health often hide large differences between population sub-groups and between small areas. This local variation needs to be understood so that effective policies can be developed and carried out efficiently and their impact monitored. This project will provide, for the first time, robust and efficient methods for providing information on these variations using data from large-scale national and state surveys. This will lead to significant improvements in the data available for small population groups and small areas, allowing better targeting of policies aimed at addressing local differences.Read moreRead less
Handling Missing Data in Complex Household Surveys. The Australian Bureau of Statistics (ABS) has an extensive program of household surveys that is a key source of information on the social and economic conditions of the population. They provide statistics and data on a large range of social and economic topics, such as health, education, the labour force, income and expenditure. Analysis of household survey data by a variety of organisations underpins policy development and evaluation and the e ....Handling Missing Data in Complex Household Surveys. The Australian Bureau of Statistics (ABS) has an extensive program of household surveys that is a key source of information on the social and economic conditions of the population. They provide statistics and data on a large range of social and economic topics, such as health, education, the labour force, income and expenditure. Analysis of household survey data by a variety of organisations underpins policy development and evaluation and the expenditure of billions of dollars. This project will substantially improve the cost-efficiency and reliability of Australian household survey data, by creating new approaches for handling missing data that deal with the realities of typical household surveys.Read moreRead less
Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of ....Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of the performance of global diversified investment funds; and c) prediction to provide early warning of the emergence of destabilising deflation or inflation. These three applications will lead to improved risk management practices and investment performance. Recursive algorithms will provide new statistical methods to study investment asset price movements and market volatility.
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Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in th ....Investment approaches and opportunities in renewable energy and financial resource markets, using semi-parametric approaches to evolutionary subset time-series lattice-ladder modelling. The project findings will help Australian exporters and importers understand and manage energy and resource price risks more effectively. The investment community will benefit through selecting optimal asset allocations and enhancing value to investors. It will also benefit many other agencies, particularly in the service industries. It is not well recognised that in developed countries, including Australia, the financial service and related sectors account for more than 60 percent of economic activity and employment, so it is critical that more sophisticated statistical methods be established, and practical applications conducted, in order to advance the understanding of complexity management in the financial service and related sectors.Read moreRead less
The improvement of investment approaches by developing and applying bootstrap methods to innovative evolutionary kernel-based subset time-series modelling. With over $1 trillion of investors' monies in the hands of fund managers, the importance of efficient investment decisions across all industry sectors is self evident. Even if the modest target of systematically improving decision making by 1 or 2 % is set, the aggregate economic benefit achieved, given the compounding effects will be enormou ....The improvement of investment approaches by developing and applying bootstrap methods to innovative evolutionary kernel-based subset time-series modelling. With over $1 trillion of investors' monies in the hands of fund managers, the importance of efficient investment decisions across all industry sectors is self evident. Even if the modest target of systematically improving decision making by 1 or 2 % is set, the aggregate economic benefit achieved, given the compounding effects will be enormous. Any developed or developing country will profit from such advanced decision-making approaches. Therefore it is critical that more sophisticated statistical methods be established, and practical applications conducted, in order to advance the understanding of complexity management in the financial investment and other relevant sectors.Read moreRead less
Statistical methods for quantifying variation in spatiotemporal areal data. This project aims to develop new statistical methods for extracting insights into spatial and temporal variation in areal data. These tools will extend the Australian Cancer Atlas which provides small area estimates for 20 cancers across Australia. The project is significant because it will allow government and other organisations to reap dividends from investment in collecting spatial information and it will enable mode ....Statistical methods for quantifying variation in spatiotemporal areal data. This project aims to develop new statistical methods for extracting insights into spatial and temporal variation in areal data. These tools will extend the Australian Cancer Atlas which provides small area estimates for 20 cancers across Australia. The project is significant because it will allow government and other organisations to reap dividends from investment in collecting spatial information and it will enable modelled small-area estimates to be released without compromising confidentiality. The expected outcomes include new statistical knowledge and new insights into cancer. The results will benefit the many disciplines, managers and policy makers that make decisions based on geographic data mapped over space and time. Read moreRead less
Bayesian methodology for analysis of genome data with focus on the livestock industry. The aim is to develop statistical methods for the design and analysis of genome data with focus on the special needs of the livestock industry. This will significantly contribute to profitability, quality, genetic improvement and genetic knowledge in a key national industry, improve Australia's international and national profile in the key research area of bioinformatics, and encourage optimisation of current ....Bayesian methodology for analysis of genome data with focus on the livestock industry. The aim is to develop statistical methods for the design and analysis of genome data with focus on the special needs of the livestock industry. This will significantly contribute to profitability, quality, genetic improvement and genetic knowledge in a key national industry, improve Australia's international and national profile in the key research area of bioinformatics, and encourage optimisation of current information. Outcomes include a toolkit of applicable statistical methods, statistically valid algorithms, marketable methods for gene discovery, technology transfer, training and publications.Read moreRead less
Bayesian statistical methods for enhancing evidence-based practice in Australia's hospitals. This project addresses Australia's national research priority of Promoting and Maintaining Good Health with the goal of Preventative Healthcare. Through enhanced capability in combining information from diverse sources for improved evidence-based decisions and true sharing of university and medical expertise, the project will enhance Australia's medical research and practice, align professional and comm ....Bayesian statistical methods for enhancing evidence-based practice in Australia's hospitals. This project addresses Australia's national research priority of Promoting and Maintaining Good Health with the goal of Preventative Healthcare. Through enhanced capability in combining information from diverse sources for improved evidence-based decisions and true sharing of university and medical expertise, the project will enhance Australia's medical research and practice, align professional and community expectations, utilise local medical information, and address national demands for quality science underpinning health decisions.
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Making the Most of Database Information in Patient-Based Decision-Making - A Bayesian Approach. This project addresses Australia's national research priority of Promoting and Maintaining Good Health and will lead to immediate improvement in health outcomes through optimising patient outcomes in Australian hospitals; cross-disciplinary and cross-hospital communication. Through enhanced capability in combining information from diverse sources the project will enhance Australia's medical research a ....Making the Most of Database Information in Patient-Based Decision-Making - A Bayesian Approach. This project addresses Australia's national research priority of Promoting and Maintaining Good Health and will lead to immediate improvement in health outcomes through optimising patient outcomes in Australian hospitals; cross-disciplinary and cross-hospital communication. Through enhanced capability in combining information from diverse sources the project will enhance Australia's medical research and practice, align professional and community expectations, utilise increased amounts of local medical information, and address national demands for quality science underpinning health decisions.Read moreRead less
Innovative Bayesian statistics for enhanced decision making for pharmaceutical drug development. This project addresses Australia's national research priority of Promoting and Maintaining Good Health, and will lead to improvements in health outcomes by patients accessing new drugs sooner, enhancing research, and reducing the cost of health care. Decision making in early stages of drug development will be improved by using novel statistical methods, which could also be applied in a variety of sit ....Innovative Bayesian statistics for enhanced decision making for pharmaceutical drug development. This project addresses Australia's national research priority of Promoting and Maintaining Good Health, and will lead to improvements in health outcomes by patients accessing new drugs sooner, enhancing research, and reducing the cost of health care. Decision making in early stages of drug development will be improved by using novel statistical methods, which could also be applied in a variety of situations involving decision making procedures. This will be achieved through cross-disciplinary and university-industry collaboration, utilising Australian and international expertise. National demands for quality science and trained researchers underpinning health decisions will be contributed to.Read moreRead less