Correlations, forecasts, and making sense of it all with visualization

"Correlation does not imply causation.” Does that bring back memories from your college statistics class? If you cringe when you hear those words, don’t worry. This phrase is still relevant today, but is now more approachable and easier to understand. Here at SAS, we use SAS® Visual Analytics to make […]

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Data, data everywhere…

It was John Allen Paulos who said, “Data, data everywhere, but not a thought to think.” That rings true more than ever before. Companies are struggling with the deluge of data coming at them from multiple channels. But traditional data channels are just the beginning. Companies also are facing an […]

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What’s new with machine learning?

Machine learning is all about automating the development process for analytical models. One way to extend the use of machine learning is to broaden your library of machine learning algorithms. Another way is to scale your machine learning process by reducing the time required to process machine learning algorithms on […]

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Get the inside track on the UK's General Election result

Bookies have long turned a trade in predicting the fate of our politicians in the general election. According to Ladbrokes, gamblers are set to spend a staggering £100m betting on this year’s result. The outcome of the May 7 vote is anticipated to be the hardest election to predict in […]

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No toying around: forecasting at The Lego Group

Once upon a time: The toy industry has invited me to the world‘s largest toy fair, which took place recently in the city of Nuremberg. With close to 3,000 exhibitors the toy fair is bigger than ever before. Success is the theme of the event, and most German retailers cannot complain with consecutive […]

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Yes, we have analytics: the brain game

Many vendors claim they have analytics, and a lot of users have embraced the belief that analytics is the way to go. But what does analytics really mean, especially to business users without statistics backgrounds, and how much do they need to know about analytics to be able to make […]

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Forecasting: Crystal ball or competitive edge?

Perhaps forecasting is a little of both, crystal ball and competitive edge. It’s a crystal ball of sorts because it helps leaders get answers to questions like, “How many? Or, “How much?” to decide what actions best help the business. And it’s definitely a competitive edge when it results in […]

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Predictive modeling competitions: the competitive dimension of predictive analytics

After sporting events or major elections like the recent U.S. mid-term Senate elections, I tend to look back at how various predictions performed prior to these events, to find out who got it right. My interest in this was spawned after reading Nate Silver’s book The Signal and the Noise, […]

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Is big data really better?

Recently, I was reading an online article about predictive modeling and "big data."  Its premise was to determine whether the use of big data actually led to more accurate and meaningful predictive models and forecasts.  After citing numerous external examples and internal tests that the authors had compiled, it stated […]

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Overcoming forecasting challenges in pharmaceutical benefits management

I recently took some time to appreciate and celebrate the SAS Professional Services division’s 25th anniversary. I find it impressive that SAS professional services has been collaborating with customers across many different industries for 25 years to solve business problems, increase profitability and improve customer service levels. With so much industry […]

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