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Large-scale panel data is ubiquitous in many modern data science applications. Conventional panel data analysis methods fail to address the new challenges, like individual impacts of covariates, endogeneity, embedded low-dimensional structure, and heavy-tailed errors, arising from the innovation of data collection platforms on which applications operate. In response to these challenges, this paper studies large-scale panel data with an interactive effects model. This model takes into account the individual impacts of covariates on each spatial node and removes the exogenous condition by allowing latent factors to affect both covariates and errors. Besides, we waive the sub-Gaussian assumption and allow the errors to be heavy-tailed. Further, we propose a data-driven procedure to learn a parsimonious yet flexible homogeneity structure embedded in high-dimensional individual impacts of covariates. The homogeneity structure assumes that there exists a partition of regression coeffcients where the coeffcients are the same within each group but different between the groups. The homogeneity structure is flexible as it contains many widely assumed low dimensional structures (sparsity, global impact, etc.) as its special cases. Non-asymptotic properties are established to justify the proposed learning procedure. Extensive numerical experiments demonstrate the advantage of the proposed learning procedure over conventional methods especially when the data are generated from heavy-tailed distributions. 

The superτ-charm facility (STCF) is an electron–positron collider proposed by the Chinese particle physics community. It is designed to operate in a center-of-mass energy range from 2 to 7 GeV with a peak luminosity of 0.5 × 10³⁵cm⁻²·s⁻¹or higher. The STCF will produce a data sample about a factor of 100 larger than that of the presentτ-charm factory — the BEPCII, providing a unique platform for exploring the asymmetry of matter-antimatter (charge-parity violation), in-depth studies of the internal structure of hadrons and the nature of non-perturbative strong interactions, as well as searching for exotic hadrons and physics beyond the Standard Model. The STCF project in China is under development with an extensive R&D program. This document presents the physics opportunities at the STCF, describes conceptual designs of the STCF detector system, and discusses future plans for detector R&D and physics case studies.