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Economics/Finances Applied Functional Data Analysis: J.O. Ramsay, B.W. Silverman
Posted on 2010-03-16
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More Applied Functional Data Analysis: J.O. Ramsay, B.W. Silverman What do juggling, old bones, criminal careers and human growth patterns have in common? They all give rise to functional data, that come in the form of curves or functions rather than the numbers, or vectors of numbers, that are considered in conventional statistics. The authors' highly acclaimed book Functional Data Analysis (1997) presented a thematic approach to the statistical analysis of such data. By contrast, the present book introduces and explores the ideas of functional data analysis by the consideration of a number of case studies, many of them presented for the first time. The two books are complementary but neither is a prerequisite for the other. The case studies are accessible to research workers in a wide range of disciplines. Every reader, whether experienced researcher or graduate student, should gain not only a specific understanding of the methods of functional data analysis, but more importantly a general insight into the underlying patterns of thought. Some of the studies demand the development of novel aspects of the methodology of functional data analysis, but technical details aimed at the specialist statistician are confined to sections which the more general reader can safely omit. There is an associated web site with MATLAB and S-PLUS implementations of the methods discussed, together with all the data sets that are not proprietary. Jim Ramsay is Professor of Psychology at McGill University, and is an international authority on many aspects of multivariate analysis. He was elected President of the Statistical Society of Canada for the term 2002-3 and is a holder of the Society's Gold Medal for his work in functional data analysis. His statistical work draws on his collaborations with researchers in speech articulation, biomechanics, economics, human biology, meteorology and psychology. Bernard Silverman is Professor of Statistics at Bristol University. He was President of the Institute of Mathematical Statistics in 2000-1 and has held various offices in the Royal Statistical Society. He is a Fellow of the Royal Society and a member of Academia Europaea. His main specialty is computational statistics, and he is the author or editor of several highly regarded books in this area. He has also published widely in theoretical and applied statistics, and in many other fields, including law, human and veterinary medicine, earth sciences and engineering. Review: In 1997 Ramsay and Silverman wrote a standard text that stands out as a classic book teaching the functional approach. With this new book they take the approach of teaching by example. Each of chapters 2 -12 present a case study first. The one on childhood growth is standard fair but they also present unusual cases such as modeling a juggler and analyzing handwriting. In eachcase they show how special characteristics of the data are best portrayed by treating curves or functions as individual data points. The application is presented first. Then the authors show how as consultants they formuated a functional data approach to the problem. Sometimes transformations are applied first. In another case principal component curves are constructed. After each problem is presented with the approach taken, the authors go back and present a "what we have seen" section that reviews the key points and lessons learned from the examples. This is a wonderful way to make the material very accessible to practitioners as well as statisticians and it illustrates the variety of problems and that can be handle by this approach to data analysis. Download Link (Uploading.com) To see my other books, click Download Link (Here).
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