Discovery Projects - Grant ID: DP200101414

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP200101414

Funding Status
Active

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Funded Activity Summary

Loss-based Bayesian Prediction. This project proposes a new paradigm for prediction. Using state-of-the-art computational methods, the project aims to produce accurate, fit for purpose, predictions which, by design, reduce the loss incurred when the prediction is inaccurate. Theoretical validation of the new predictive method, without reliance on knowledge of the correct statistical model, is an expected outcome, as is an extensive numerical assessment of its performance in empirical settings. The new paradigm should produce significant benefits for all fields in which the consequences of predictive inaccuracy are severe. Problems that lead to substantial economic, financial or environmental loss if predictions are incorrect will be given particular attention.

Funded Activity Details

Start Date: 19-06-2020

End Date: 18-06-2024

Funding Scheme: Discovery Projects

Funding Amount: $393,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Econometric and Statistical Methods | Economic Models and Forecasting | Econometrics |

ANZSRC Socio-Economic Objective (SEO)

Energy Systems Analysis | Superannuation and Insurance Services | Expanding Knowledge in the Mathematical Sciences

Other Keywords

Econometric and Statistical Methods | Econometrics | Economic Models and Forecasting | Energy Systems Analysis | Expanding Knowledge in the Mathematical Sciences | Superannuation and Insurance Services

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