Springer Handbooks of Computational Statistics – serie

Addressing a broad range of big data analytics in cross-disciplinary applications, this essential handbook focuses on the statistical prospects offered by recent developments in this field. The book is primarily intended for statisticians, computer experts, engineers and application developers interested in using big data analytics with statistics.

This handbook delves into the multifaceted domain of blockchain technology and its applications, offering insights across technological, economic, and practical dimensions. It is divided into several parts, reflecting analysis techniques specific to different fields of application, including digital finance, security and supply chains, among others.The book begins with a foundational exploration of blockchain technology, providing a comprehensive understanding of its core mechanisms. The analysis extends to cutting-edge topics such as Non-Fungible Tokens (NFTs) and visualization technologies, which reveal the dynamic interplay between digital assets and technological innovation.Cryptocurrency liquidity and market dynamics are also examined, employing principles like Metcalfe's Law and Log-Periodic Power Laws to unravel complex market behaviors. Empirical studies shed light on volatility forecasting and the impact of sudden market jumps, enriching the predictive frameworks for cryptocurrency trading.In the realm of blockchain analytics, advanced methodologies like process mining are applied to uncover patterns in blockchain applications, while network analytics provide tools for fraud detection and heuristic evaluation. Decision-making in blockchain transactions is explored through the lens of mempool dynamics, providing practical insights for optimizing blockchain operations.The narrative extends to business applications, highlighting strategies for blockchain-driven development and the legal and financial implications of Distributed Ledger Technology (DLT). Blockchain’s transformative potential in healthcare is showcased, alongside a survey of federated learning frameworks that leverage blockchain for secure and decentralized machine learning.Security remains a pivotal theme, with a focus on the role of blockchain in cybersecurity and compliance functions. The investigation addresses decentralized finance (DeFi) vulnerabilities through case studies on attacks, offering lessons to enhance system robustness. Finally, the text envisions a future where decentralized models democratize foundational technologies, and blockchain facilitates innovations in maritime supply chains, driving efficiency and transparency in global logistics.This compilation serves as a gateway to understanding the theoretical and practical dimensions of blockchain, emphasizing its evolving role in reshaping industries and economic systems.

Addressing a broad range of big data analytics in cross-disciplinary applications, this essential handbook focuses on the statistical prospects offered by recent developments in this field. To do so, it covers statistical methods for high-dimensional problems, algorithmic designs, computation tools, analysis flows and the software-hardware co-designs that are needed to support insightful discoveries from big data. The book is primarily intended for statisticians, computer experts, engineers and application developers interested in using big data analytics with statistics. Readers should have a solid background in statistics and computer science.

This handbook provides a comprehensive overview of Partial Least Squares (PLS) methods with specific reference to their use in marketing and with a discussion of the directions of current research and perspectives.

1 Computational Statistics and Data Visualization . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Data Visualization and Theory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Presentation and Exploratory Graphics . 4 Graphics and Computing . 2 The Chapters . Part IV . 3 Outlook .

Any financial asset that is openly traded has a market price. Except for extreme market conditions, market price may be more or less than a “fair” value. Fair value is likely to be some complicated function of the current intrinsic value of tangible or intangible assets underlying the claim and our assessment of the characteristics of the underlying assets with respect to the expected rate of growth, future dividends, volatility, and other relevant market factors. Some of these factors that affect the price can be measured at the time of a transaction with reasonably high accuracy. Most factors, however, relate to expectations about the future and to subjective issues, such as current management, corporate policies and market environment, that could affect the future financial performance of the underlying assets. Models are thus needed to describe the stochastic factors and environment, and their implementations inevitably require computational finance tools.

The Handbook of Computational Statistics - Concepts and Methods (second edition) is a revision of the first edition published in 2004, and contains additional comments and updated information on the existing chapters, as well as three new chapters addressing recent work in the field of computational statistics.

Numerous fascinating breakthroughs in biotechnology have generated large volumes and diverse types of high throughput data that demand the development of efficient and appropriate tools in computational statistics integrated with biological knowledge and computational algorithms.

Partial Least Squares is a family of regression based methods designed for the an- ysis of high dimensional data in a low-structure environment. Its origin lies in the sixties, seventies and eighties of the previous century, when Herman O. A. Wold vigorously pursued the creation and construction of models and methods for the social sciences, where “soft models and soft data” were the rule rather than the exception, and where approaches strongly oriented at prediction would be of great value. Theauthorwasfortunatetowitnessthedevelopment rsthandforafewyears. Herman Wold suggested (in 1977) to write a PhD-thesis on LISREL versus PLS in the context of latent variable models, more speci cally of “the basic design”. I was invited to his research team at the Wharton School, Philadelphia, in the fall of 1977. Herman Wold also honoured me by serving on my PhD-committee as a distinguished and decisive member. The thesis was nished in 1981. While I moved into another direction (speci cation, estimation and statistical inference in the c- text of model uncertainty) PLS sprouted very fruitfully in many directions, not only as regards theoretical extensions and innovations (multilevel, nonlinear extensions et cetera) but also as regards applications, notably in chemometrics, marketing, and political sciences. The PLS regression oriented methodology became part of main stream statistical analysis, as can be gathered from references and discussions in important books and journals. See e. g. Hastie et al. (2001), or Stone and Brooks (1990),Frank and Friedman (1993),Tenenhauset al. (2005),there are manyothers.

1 Computational Statistics and Data Visualization . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Data Visualization and Theory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Presentation and Exploratory Graphics . 4 Graphics and Computing . 2 The Chapters . Part IV . 3 Outlook .

Fair value is likely to be some complicated function of the current intrinsic value of tangible or intangible assets underlying the claim and our assessment of the characteristics of the underlying assets with respect to the expected rate of growth, future dividends, volatility, and other relevant market factors.

The Handbook of Computational Statistics - Concepts and Methods (second edition) is a revision of the first edition published in 2004, and contains additional comments and updated information on the existing chapters, as well as three new chapters addressing recent work in the field of computational statistics. This new edition is divided into 4 parts in the same way as the first edition. It begins with "How Computational Statistics became the backbone of modern data science" (Ch.1): an overview of the field of Computational Statistics, how it emerged as a separate discipline, and how its own development mirrored that of hardware and software, including a discussion of current active research. The second part (Chs. 2 - 15) presents several topics in the supporting field of statistical computing. Emphasis is placed on the need for fast and accurate numerical algorithms, and some of the basic methodologies for transformation, database handling, high-dimensional data and graphics treatment are discussed. The third part (Chs. 16 - 33) focuses on statistical methodology. Special attention is given to smoothing, iterative procedures, simulation and visualization of multivariate data. Lastly, a set of selected applications (Chs. 34 - 38) like Bioinformatics, Medical Imaging, Finance, Econometrics and Network Intrusion Detection highlight the usefulness of computational statistics in real-world applications.