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Srđan Milićević

Publications and source records attributed to Srđan Milićević.

2 recordsLinked to original sources

XT-REM: A Two-Component Model for Meta-Analysis of Extreme Event Proportions

In this paper, we introduce a novel model for the meta-analysis of proportions that integrates the standard random-effects model (REM) with an extreme value theory (EVT)-based component. The proposed model, named XT-REM (Extreme-Tail Random Effects Model), extends the classical REM framework by explicitly accounting for extreme proportions through a partial segmentation of the study set based on a predefined threshold. While the majority of proportions are modeled using REM, proportions exceeding the threshold are analyzed using the Generalized Pareto Distribution (GPD). This formulation enables a dual interpretation of meta-analytic results, providing both an aggregate estimate for the central bulk of studies and a separate characterization of tail behavior. The XT-REM framework accommodates heteroskedastic variance structures inherent to proportion data, while preserving identifiability and consistency. Using real-world data on immunotherapy-related adverse events, together with simulation studies calibrated to empirical settings, we demonstrate that XT-REM yields a comparable central estimate while enabling a more explicit assessment of tail behavior, including high-percentile extreme proportions. Compared with the classical REM, XT-REM achieves higher log-likelihood values and lower AIC, in the considered scenarios, indicating a better fit within this modeling framework. In summary, XT-REM offers a theoretically grounded and practically useful extension of random-effects meta-analysis, with potential relevance to clinical contexts in which extreme event rates carry important implications for risk assessment.

stat.ME↗

Neural Network Modeling for Forecasting Tourism Demand in Stopića Cave: A Serbian Cave Tourism Study

For modeling the number of visits in Stopića cave (Serbia) we consider the classical Auto-regressive Integrated Moving Average (ARIMA) model, Machine Learning (ML) method Support Vector Regression (SVR), and hybrid NeuralPropeth method which combines classical and ML concepts. The most accurate predictions were obtained with NeuralPropeth which includes the seasonal component and growing trend of time-series. In addition, non-linearity is modeled by shallow Neural Network (NN), and Google Trend is incorporated as an exogenous variable. Modeling tourist demand represents great importance for management structures and decision-makers due to its applicability in establishing sustainable tourism utilization strategies in environmentally vulnerable destinations such as caves. The data provided insights into the tourist demand in Stopića cave and preliminary data for addressing the issues of carrying capacity within the most visited cave in Serbia.

econ.EM↗