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Oracle Inequalities for High-dimensional Prediction

2016-08-01 · Johannes Lederer, Lu Yu, Irina Gaynanova

The abundance of high-dimensional data in the modern sciences has generated tremendous interest in penalized estimators such as the lasso, scaled lasso, square-root lasso, elastic net, and many others. In this paper, we establish a general oracle inequality for prediction in high-dimensional linear regression with such methods. Since the proof relies only on convexity and continuity arguments, the result holds irrespective of the design matrix and applies to a wide range of penalized estimators. Overall, the bound demonstrates that generic estimators can provide consistent prediction with any design matrix. From a practical point of view, the bound can help to identify the potential of specific estimators, and they can help to get a sense of the prediction accuracy in a given application.

📄 PDF Abstract BibTeX arXiv:1608.00624

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