65th ISI World Statistics Congress

65th ISI World Statistics Congress

Bayesian Elastic Net and Fused Lasso Modeling in Small Area Estimation

Conference

65th ISI World Statistics Congress

Format: SIPS Abstract - WSC 2025

Keywords: bayesian modeling, elastic-net, fay-herriot

Session: IPS 1098 - Statistical inference and estimation in high-dimensional data

Tuesday 7 October 9:20 a.m. - 10:30 a.m. (Europe/Amsterdam)

Abstract

This article considers elastic net and fused Laplacian priors for random effects in the Fay-Herriot model. Our model captures spatial patterns and accounts for heterscedasticity of random effects. We demonstrate that the proposed model outperforms existing methods via simulations and a case study.