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Abstract The rapid development of modeling techniques has brought many opportunities for data‐driven discovery and prediction. However, this also leads to the challenge of selecting the most appropriate model for any particular data task. Information criteria, such as the Akaike information criterion (AIC) and Bayesian information criterion (BIC), have been developed as a general class of model selection methods with profound connections with foundational thoughts in statistics and information theory. Many perspectives and theoretical justifications have been developed to understand when and how to use information criteria, which often depend on particular data circumstances. This review article will revisit information criteria by summarizing their key concepts, evaluation metrics, fundamental properties, interconnections, recent advancements, and common misconceptions to enrich the understanding of model selection in general. This article is categorized under:Data: Types and Structure > Traditional Statistical DataStatistical Learning and Exploratory Methods of the Data Sciences > Modeling MethodsStatistical and Graphical Methods of Data Analysis > Information Theoretic MethodsStatistical Models > Model Selection
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A review on computer model calibration
Abstract Model calibration is crucial for optimizing the performance of complex computer models across various disciplines. In the era of Industry 4.0, symbolizing rapid technological advancement through the integration of advanced digital technologies into industrial processes, model calibration plays a key role in advancing digital twin technology, ensuring alignment between digital representations and real‐world systems. This comprehensive review focuses on the Kennedy and O'Hagan (KOH) framework (Kennedy and O'Hagan, Journal of the Royal Statistical Society: Series B 2001; 63(3):425–464). In particular, we explore recent advancements addressing the challenges of the unidentifiability issue while accommodating model inadequacy within the KOH framework. In addition, we explore recent advancements in adapting the KOH framework to complex scenarios, including those involving multivariate outputs and functional calibration parameters. We also delve into experimental design strategies tailored to the unique demands of model calibration. By offering a comprehensive analysis of the KOH approach and its diverse applications, this review serves as a valuable resource for researchers and practitioners aiming to enhance the accuracy and reliability of their computer models. This article is categorized under:Statistical Models > Semiparametric ModelsStatistical Models > Simulation ModelsStatistical Models > Bayesian Models
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- Award ID(s):
- 2113407
- PAR ID:
- 10491424
- Publisher / Repository:
- Wiley Blackwell (John Wiley & Sons)
- Date Published:
- Journal Name:
- WIREs Computational Statistics
- Volume:
- 16
- Issue:
- 1
- ISSN:
- 1939-5108
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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