Mathematics
The mathematical forms arising from quantile regression are distinct from those arising in the method of least squares. The method of least squares leads to a consideration of problems in an inner product space, involving projection onto subspaces, and thus the problem of minimizing the squared errors can be reduced to a problem in numerical linear algebra. Quantile regression does not have this structure, and instead leads to problems in linear programming that can be solved by the simplex method. The fact that the algorithms of linear programming appear more esoteric to some users may explain partially why quantile regression has not been as widely used as the method of least squares.
Read more about this topic: Quantile Regression
Famous quotes containing the word mathematics:
“... though mathematics may teach a man how to build a bridge, it is what the Scotch Universities call the humanities, that teach him to be civil and sweet-tempered.”
—Amelia E. Barr (1831–1919)
“Mathematics alone make us feel the limits of our intelligence. For we can always suppose in the case of an experiment that it is inexplicable because we don’t happen to have all the data. In mathematics we have all the data ... and yet we don’t understand. We always come back to the contemplation of our human wretchedness. What force is in relation to our will, the impenetrable opacity of mathematics is in relation to our intelligence.”
—Simone Weil (1909–1943)
“In mathematics he was greater
Than Tycho Brahe, or Erra Pater:
For he, by geometric scale,
Could take the size of pots of ale;
Resolve, by sines and tangents straight,
If bread and butter wanted weight;
And wisely tell what hour o’ th’ day
The clock doth strike, by algebra.”
—Samuel Butler (1612–1680)