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Category: Data mining, statistics, & AI

Analytica provides built-in functions for data exploration and analysis, including quick summaries, descriptive statistics, regression, and Monte Carlo simulation. Here are some example applications that include the implementation of classification trees, artificial intelligence, and multilayer machine learning methods.

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08/16/2023 | Blogs, Data mining, statistics, & AI, Scripting languages, Python & R

Computer programming in English (Part 2)

In a previous article (part 1), we introduced the new paradigm of computer programming in English and demonstrated one example. In this article, we continue our examination of this new…

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08/08/2023 | Blogs, Data mining, statistics, & AI, Scripting languages, Python & R

Computer programming in English (Part 1)

We explore a new paradigm for programming computers directly in English without any formal coding language at all. We do this by prompting a Large Language Model (LLM) to act as the…

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03/14/2022 | Blogs, Data mining, statistics, & AI, Risk & uncertainty

Pi Day comparison: Monte Carlo vs Latin hypercube vs Sobol sampling

This blog will be visiting the dart-throwing method of estimating π and comparing how fast or slow different sampling techniques converge to the actual value of π. The sampling techniques…

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11/11/2019 | Academic research, Blogs, Data mining, statistics, & AI, Modeling tips & tricks, Newsworthy, Portfolio management, Risk & uncertainty

Book review: decision making under uncertainty

This just-released Spanish-language textbook from Professor Jorge E Muro Arbulú has now taken its spot as my favorite textbook on …

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07/16/2018 | Blogs, Data mining, statistics, & AI, Modeling tips & tricks, Risk & uncertainty

World Cup Soccer. How much does randomness determine the winner?

A few years ago France beat Croatia in the World Cup final. Congratulations to France for winning the last world championship! And also to Croatia for making it to the final…

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11/20/2013 | Blogs, Data mining, statistics, & AI, Risk & uncertainty

Statistical analysis for decision support tools with A/B testing

Like retail storefronts with well-dressed mannequins, many internet-facing businesses seek to design their webpages with artistry and easily usable services to meet their goals.

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10/24/2013 | Blogs, Data mining, statistics, & AI

Standard deviation or standard error

Figuring out what people mean is important. Are they talking about standard deviation? Or about standard error? Or do they consider the two things to be equivalent?

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10/16/2013 | Blogs, Data mining, statistics, & AI, Decision analysis & multi-criteria

Data modeling without tears: perils & pitfalls to avoid

If a model is to yield a result, it needs data. Data are described by a data model, sometimes very simple (‘year’); sometimes more complex (energy consumption by type of energy, …

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