UVic-PIMS Data Science Seminar: Po Yang
Topic
A Bayesian Approach to Response Optimization on Data with Multistratum Structure
Speakers
Details
Response optimization is a process of identifying the input variable settings that optimize the response. Multistratum design arises naturally in industrial experiments due to the inconvenient and impractical completely randomization. Accounting for the model uncertainty, we apply the Bayesian model averaging method and predictive approach to investigate the optimization problem for data with multi-stratum structure. With the posterior probabilities of models as weights, we consider the weighted average of the predictive densities of the response over all potential models. The goal of the optimization is to identify the values of the factors that result in a maximum probability of a response in a given range. The method is illustrated with two examples.