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Full-Text Articles in Other Statistics and Probability

Machine Learning In Support Of Electric Distribution Asset Failure Prediction, Robert D. Flamenbaum, Thomas Pompo, Christopher Havenstein, Jade Thiemsuwan Aug 2019

Machine Learning In Support Of Electric Distribution Asset Failure Prediction, Robert D. Flamenbaum, Thomas Pompo, Christopher Havenstein, Jade Thiemsuwan

SMU Data Science Review

In this paper, we present novel approaches to predicting as- set failure in the electric distribution system. Failures in overhead power lines and their associated equipment in particular, pose significant finan- cial and environmental threats to electric utilities. Electric device failure furthermore poses a burden on customers and can pose serious risk to life and livelihood. Working with asset data acquired from an electric utility in Southern California, and incorporating environmental and geospatial data from around the region, we applied a Random Forest methodology to predict which overhead distribution lines are most vulnerable to fail- ure. Our results provide evidence …


Well I'Ll Be Damned - Insights Into Predictive Value Of Pedigree Information In Horse Racing, Timothy Baker Mr, Ming-Chien Sung, Johnnie Johnson Professor, Tiejun Ma Jun 2016

Well I'Ll Be Damned - Insights Into Predictive Value Of Pedigree Information In Horse Racing, Timothy Baker Mr, Ming-Chien Sung, Johnnie Johnson Professor, Tiejun Ma

International Conference on Gambling & Risk Taking

Fundamental form characteristics like how fast a horse ran at its last start, are widely used to help predict the outcome of horse racing events. The exception being in races where horses haven’t previously competed, such as Maiden races, where there is little or no publicly available past performance information. In these types of events bettors need only consider a simplified suite of factors however this is offset by a higher level of uncertainty. This paper examines the inherent information content embedded within a horse’s ancestry and the extent to which this information is discounted in the United Kingdom bookmaker …