Bayesian Appraisal of Random Series Convergence with Application to Climate Change
Sucharita Roy, Sourabh Bhattacharya

TL;DR
This paper develops Bayesian methods to analyze the convergence of random infinite series without simplifying assumptions, applying the approach to climate change data to assess long-term temperature trends.
Contribution
It introduces nonparametric upper bounds for partial sums of random series and applies Bayesian convergence analysis to climate data, providing new insights into climate variability.
Findings
Nonparametric bounds outperform parametric ones in simulations
Bayesian analysis suggests current global warming is temporary
Long-term global warming or cooling is highly unlikely
Abstract
Roy and Bhattacharya (2020) provided Bayesian characterization of infinite series, and their most important application, namely, to the Dirichlet series characterizing the (in)famous Riemann Hypothesis, revealed insights that are not in support of the most celebrated conjecture for over 150 years. In contrast with deterministic series considered by Roy and Bhattacharya (2020), in this article we take up random infinite series for our investigation. Remarkably, our method does not require any simplifying assumption. Albeit the Bayesian characterization theory for random series is no different from that for the deterministic setup, construction of effective upper bounds for partial sums, required for implementation, turns out to be a challenging undertaking in the random setup. In this article, we construct parametric and nonparametric upper bound forms for the partial sums of random…
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Taxonomy
TopicsBayesian Methods and Mixture Models · Statistical Methods and Inference · Financial Risk and Volatility Modeling
