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An accuracy-runtime trade-off comparison of scalable Gaussian process approximations for spatial data

An accuracy-runtime trade-off comparison of scalable Gaussian process approximations for spatial data

Gaussian processes (GPs) are flexible, probabilistic, non-parametric models widely employed in various fields such as spatial statistics, time series analysis, and machine learning. A drawback of Gaussian processes is their computational cost having $\mathcal{O}(N^3)$ time and $\mathcal{O}(N^2)$ memory complexity which makes them prohibitive for large datasets. Numerous approximation techniques have …