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Rick Wicklin 0
Why it's okay to guess on the SAT test

Should you ever guess on the SAT® or PSAT standardized tests? My son is getting ready to take the preliminary SAT (PSAT), which is a practice test for the SAT. A teacher gave his class this advice regarding guessing: For a multiple-choice questions, if you can eliminate one or two

Rick Wicklin 0
Two applications of the "runs test"

In my last blog post I described how to implement a "runs test" in the SAS/IML language. The runs test determines whether a sequence of two values (for example, heads and tails) is likely to have been generated by random chance. This article describes two applications of the runs test.

Phil Simon 0
Big data and the project mentality

Is big data becoming too big to ignore? An increasing number of organizations seem to think so. As Matt Asay on ReadWriteWeb writes: According to a recent Gartner report, 64% of enterprises surveyed indicate that they're deploying or planning Big Data projects (emphasis mine). Yet even more acknowledge that they

Mike Gilliland 0
FVA training at Analytics2013 in Orlando

Forecast Value Added (FVA) is a metric for comparing the performance of your organization’s forecasting process to “doing nothing” and using a naïve model to generate your forecasts. The idea is, if all the resources and effort we put into forecasting are not providing forecasts that are better than using

Rick Wicklin 0
The first MOOC in statistics

Massive open online courses (MOOCs) are all the rage today. Some people see free online courses as a convenient way to introduce statistical concepts to tens of thousands of students who would not otherwise have an opportunity to learn about data analysis. Whereas 2013 is the International Year of Statistics,

Data Visualization
Sanjay Matange 0
Visual Index

Some of you may have already noticed the small graphical icon on the lower right side of the blog article labeled "Graphically Speaking Index".   Yes, it is a link to a visual index for all articles published in this blog.  Well, eventually it will have all the articles. So far, I

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How to find value in customer relationships

Businesses need to know who their customers are, and how much money they should invest in marketing to them. It’s an obvious idea, but it also served as pretty much the sum of my knowledge of Customer Lifetime Value (CLV). That is, until Edward Malthouse came into my life. Ed’s

Learn SAS
Jim Simon 0
Importing CSV files into SAS datasets

Sometimes, your first impulse may not be correct, like trading in your practical sedan for a hot 2-seater.  Other times, your first impulse is perfect, as in the examples below. Suppose the automobile data you wish to analyze resides in a CSV file.  Naturally, your first impulse is to import

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