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Tuning parameter selection in econometrics

Denis Chetverikov

arXiv 5 May 2024 · Econometrics · 18 citations (OpenAlex)

arXiv:2405.03021 · PDF · DOI · OpenAlex · Extracted main text

Abstract

I review some of the main methods for selecting tuning parameters in nonparametric and $\ell_1$-penalized estimation. For the nonparametric estimation, I consider the methods of Mallows, Stein, Lepski, cross-validation, penalization, and aggregation in the context of series estimation. For the $\ell_1$-penalized estimation, I consider the methods based on the theory of self-normalized moderate deviations, bootstrap, Stein's unbiased risk estimation, and cross-validation in the context of Lasso estimation. I explain the intuition behind each of the methods and discuss their comparative advantages. I also give some extensions.

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Lecue and Mitchell (2012) Oracle inequalities for cross-validation type procedures0.73732100%
2Belloni, Chen, Chernozhukov and Hansen (2012) Sparse models and methods for optimal instruments with an application to eminent domain0.69371100%
3Zou, Hastie and Tibshirani (2007) On the degrees of freedom of the lasso0.69351100%
4Chetverikov and Sorensen (2021) Analytic and bootstrap-after-cross-validation methods for selecting penalty parameters of high-dimensional m-estimators0.64441100%
5Tibshirani and Taylor (2012) Degrees of freedom in lasso problems0.64441100%
6Arlot and Celisse (2010) A survey of cross-validation procedures for model selection0.64422100%
7Bischl et al (2023) Hyperparameter optimization: Foundations, algorithms, best practices, and open challenges0.64422100%
8Chernozhukov, Chetverikov and Kengo (2013) Gaussian approximations and multiplier bootstrap for maxima of sums of high-dimensional random vectors0.64422100%
9Chernozhukov, Chetverikov and Kengo (2017) Central limit theorems and bootstrap in high dimensions0.64422100%
10Chernozhukov, Chetverikov, Kengo and Koike (2022) Improved central limit theorem and bootstrap approximations in high dimensions0.64422100%

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1Reproducible Aggregation of Sample-Split Statistics$^*$0.40511