A key challenge in spatial data science is the analysis for massive spatially‐referenced data sets. Such analyses often proceed from Gaussian process specifications that can produce rich and robust inference, but involve dense covariance matrices that lack computationally exploitable structures. Recent developments in spatial statistics offer a variety of massively scalable approaches. Bayesian inference and hierarchical models, in particular, have gained popularity due to their richness and flexibility in accommodating spatial processes. Our current contribution is to provide computationally efficient exact algorithms for spatial interpolation of massive data sets using scalable spatial processes. We combine low‐rank Gaussian processes with efficient sparse approximations. Following recent work by Zhang et al. (2019), we model the low‐rank process using a Gaussian predictive process (GPP) and the residual process as a sparsity‐inducing nearest‐neighbor Gaussian process (NNGP). A key contribution here is to implement these models using exact conjugate Bayesian modeling to avoid expensive iterative algorithms. Through the simulation studies, we evaluate performance of the proposed approach and the robustness of our models, especially for long range prediction. We implement our approaches for remotely sensed light detection and ranging (LiDAR) data collected over the US Forest Service Tanana Inventory Unit (TIU) in a remote portion of Interior Alaska.
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