IEEE

High-Dimension Bayesian Parameter Estimation for WECC Composite Load Model Using Realistic Event Measurements

Abstract: Calibration of the composite load model with distributed generation (CMPLDWG) can be challenging due to its nonlinear and high-dimensional characteristics. To address this issue, this paper ...
IEEE

A Review on Bayesian Methods for Uncertainty Quantification in Machine Learning Models Enhancing Predictive Accuracy and Model Interpretability

Abstract: This research study reviews the statistical fundamentals of machine learning with a focus on Bayesian methods to quantify the uncertainty in model predictions. Bayesian statistics provides a ...
Scientific Research Publishing

Random Coefficient Modelling of the Global Effect of Exchange and Monetary Policy Rates on Inflation (2) ()

This study examined the relationship between the Monetary Policy Rate (MPR) and inflation across five continents from 2014 to 2023 using both Frequentist and Bayesian Linear Mixed Models (LMM). It ...

BGM Model: Understanding and Utilizing the LIBOR Market Model

Discover the BGM Model's role in pricing interest rate derivatives using LIBOR rates. Learn its applications, advantages, and insights for swaptions and caplets.