If you are like most practitioners of analytics, you went into the field because you are good with numbers, and you want to help people improve the quality of decisions on…
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Past Blogs & Case Studies by Category
Energy & Power
Enviornment & Climate
Water & Ocean Resources
Risk & Uncertainty
Transportation & Manufacturing
Defence & Security
Academic Research
Lumina Consulting Firms
Category Posts
Why big data analytics projects fail and how to fix them
Latin hypercube vs. Monte Carlo sampling
In a post on LinkedIn, David Vose argues that the advantages of Latin Hypercube sampling (LHS) over Monte Carlo are so minimal that “LHS does not deserve a place in modern…
Does GPT-4 pass the Turing test?
UCSD researchers conducted an online Turing test of GPT-4 with 652 human participants. Humans were not fooled ~60% of the time.
Why do consultants love Analytica?
Consultants using our Analytica modeling software tend to say 1) it is fast and fun to use 2) it makes their work more profitable.
The Units State of America: buying gas by the kilowatt-hour
Why does the USA still use British Thermal Units (BTU) and other archaic units that even the Brits scrapped? Max Henrion argues that international (metric) units would make the clean energy transition easier.
Estimation of the EVI using Monte Carlo
The expected value of information (EVI) lets you estimate the value of getting new information that reduces uncertainty. At first blush, it seems paradoxical that you can estimate…
Analytica & systems dynamics: interview with Cory Welch
Cory Welch gave a paper on using Analytica at the International System Dynamics Conference on why and how he uses …