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.
