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A0269
Title: Bayesian semiparametric quantile regression modeling for estimating earthquake fatality risk Authors:  Yunxian Li - Yunnan University of Finance and Economics (China) [presenting]
Abstract: Earthquake often results in significant life and property losses. Due to its limitation in analyzing catastrophic loss, mean regression may not be appropriate for analyzing fatality risk caused by earthquake. We developed a Bayesian semiparametric quantile regression model for count data. The count responses are converted to continuous responses through the jittered method and a transform function. A Bayesian semiparametric quantile regression modeling approach is then developed. The error distribution in the quantile regression model is assumed to be a mixture of asymmetric Laplace distributions constructed with Dirichlet process. Historical death tolls of China caused by earthquakes from 1969 to 2006 are used for fitting and a parametric model is employed for model comparison. The results of model comparison show that the proposed semiparametric quantile regression model outperforms the parametric model. The empirical analysis illustrates that the impact of earthquake magnitude on death tolls is significant. Moreover, the impact of the magnitude is more pronounced on higher percentiles of death tolls.