Evidence map›Paper›PMID 39507213›Full record

ArticleJournal of applied statistics2024

A principal-weighted penalized regression model and its application in economic modeling.

Mingwei Sun, Murong Xu

Abstract read
In one paragraph

Article in Journal of applied statistics, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.

0numbers the graph read from it
0cells of the map it votes in
0citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

0 citing papers in PubMed.

No citing paper in PubMed yet.

4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

2 authors.

Mingwei SunDepartment of Math and Computer Science, Samford University, Birmingha, AL, USA.ORCID https://orcid.org/0000-0002-1351-7637
Murong XuDepartment of Mathematics, The University of Scranton, Scranton, PA, USA.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

This paper introduces a novel Principal-Weighted Penalized (PWP) regression model, designed for dimensionality reduction in large datasets without sacrificing essential information. This new model retains the favorable features of the principal component analysis (PCA) technique and penalized regression models. It weighs the variables in a large data set based on their contributions to principal components identified by PCA, enhancing its capacity to uncover crucial hidden variables. The PWP model also efficiently performs variable selection and estimates regression coefficients through regularization. An application of the proposed model on high-dimensional economic data is studied. The results of comparative studies in simulations and a real example in economic modeling demonstrate its superior fitting and predictive abilities. The resulting model excels in accuracy and interpretability, outperforming existing methods.

Indexed as

dimension reductionpenalized regressionPrincipal component analysisprincipal-weightedvariable selection

Identifiers

PMID39507213
PMCPMC11536630

What OpenQuestion holds

Textmetadata
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.