A novel approach to the bias-variance problem in bump hunting

Abstract

This study explores various data-driven methods for performing background-model selection, and for assigning uncertainty on the signal-strength estimator that arises due to the choice of background model. The performance of these methods is evaluated in the context of several realistic example problems. Furthermore, a novel strategy is proposed that greatly simplifies the process of performing a bump hunt when little is assumed to be known about the background. This new approach is shown to greatly reduce the potential bias in the signal-strength estimator, without degrading the sensitivity by increasing the variance, and to produce confidence intervals with valid coverage properties.

26 pages, 17 figures

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