2 ms·
The problem is just too ill-defined to fit directly with a logistic model or really any general-purpose model (such as gbm, etc). You need better priors, either
by LolWolf 7y ago
The problem is just too ill-defined to fit directly with a logistic model or really any general-purpose model (such as gbm, etc). You need better priors, either in the form of good, specified dynamics, or in other terms.
You could do a regularized stratified model [0], for example, in the case where you have plenty of data in one country but not in others, or similar cases which incorporate dynamics (log-log models of growth are also pretty good). Overall, I think it's just too hard of a problem as it is very ill-posed—even if we knew the exact dynamics, any small perturbation in the data samples significantly changes the best fit (in other words, the dynamics of the system are 'chaotic').
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[0] https://stanford.edu/~boyd/papers/pdf/eigen_strat.pdf https://stanford.edu/~boyd/papers/pdf/eigen_strat.pdf