| Universal Prediction |
Traditional Statistical Techniques |
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Valid measures of confidence of prediction: conformal predictors never
overrate accuracy and reliability of their predictions.
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Often the property of validity does not hold, and the results are misleading if underlying assumptions
are violated.
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Generate a measure of confidence for each individual example.
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Confidence is given usually for estimation of parameters.
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Have a wider variety of applications since required only one (iid) assumption.
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Often use restrictive assumptions (like normality).
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Developed for both high and low dimensional data.
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Usually applied for low dimensional problems.
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Allows to control (up to statistical fluctuations)
a number of erroneous predictions by selecting a suitable confidence level.
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No control of accuracy of predictions once all parameters have been chosen.
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