Publication:
A dynamic factor model to predict homicides with firearm in the United States

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Date
2023-06
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Authors
Camacho, Maximo ; Porfiri, Maurizio ; Ramallo, Salvador ; Ruiz, Manuel
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Publisher
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Métodos Cuantitativos para la Economía y la Empresa
DOI
https://doi.org/10.1016/j.jcrimjus.2023.102051
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info:eu-repo/semantics/article
Description
© 2023. This document is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ This document is the submitted version of a published work that appeared in final form in Journal of Criminal Justice.
Abstract
Purpose Research on temporal dynamics of crime in the United States is growing. Yet, mathematical tools to reliably predict homicides with firearm are still lacking, due to delays in the release of official data lagging up to almost two years. This study takes a critical step in this direction by establishing a reliable statistical tool to predict homicides with firearm at a monthly resolution, combining official data and easy-to-access explanatory variables. Method We propose a dynamic factor model to predict homicides with firearm from 1999 to 2020 using official monthly data released yearly by the Centers for Disease Control and Prevention, provisional quarterly data from the same agencies, media output from newspapers, and crowdsourced information from the Guns Violence Archive. Results Statistical findings demonstrate that the dynamic factor model outperforms state-of-the-art techniques (AI and classical autoregressive models). The dynamic factor model offers improved ability to backcast, nowcast, and forecast homicides with firearm, and can anticipate sudden changes in the time-series. Conclusions By decomposing the time-series of homicides with firearm on common and idiosyncratic components, the dynamic factor model successfully captures their complex time-evolution. This approach offers a vantage point to policymakers and practitioners, allowing for timely predictions, otherwise unfeasible.
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AI , Autoregressive process , Dynamic factor model , Gun violence , Mathematical modeling , Time-series analysis
Citation
Journal of Criminal Justice. Volume 86, May-June 2023, 102051
URI
http://hdl.handle.net/10201/137241
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