A binned likelihood for stochastic models

Carlos A. Argüelles, Austin Schneider, Tianlu Yuan
1/15/2019
physics.data-anastro-ph.IMhep-ex

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Abstract

Metrics of model goodness-of-fit, model comparison, and model parameter estimation are the main categories of statistical problems in science. Bayesian and frequentist methods that address these questions often rely on a likelihood function, which is the key ingredient in order to assess the plausibility of model parameters given observed data. In some complex systems or experimental setups, predicting the outcome of a model cannot be done analytically, and Monte Carlo techniques are used. In this paper, we present a new analytic likelihood that takes into account Monte Carlo uncertainties, appropriate for use in the large and small sample size limits. Our formulation performs better than semi-analytic methods, prevents strong claims on biased statements, and provides improved coverage properties compared to available methods.

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@article{argelles2019binned,
  title  = {A binned likelihood for stochastic models},
  author = {Carlos A. Argüelles and Austin Schneider and Tianlu Yuan},
  year   = {2019},
  eprint = {1901.04645},
  archivePrefix = {arXiv},
  url    = {https://arxiv.org/abs/1901.04645}
}

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