A while back The Wall Street Journal published the article “Corporate Economists Are Hot Again“ that chronicles the resurgence of in-house economists in corporate America. The role of a corporate economist may bring about visuals of classic economist stereotypes (watch Ben Stein play to this stereotype as a teacher in
Tag: advanced analytics
It is a mild summer evening in July at Lake Neusiedl here in Austria. The participants of the traditional YES Cup Regatta are sitting with beer and barbecue chops on the terrace of our clubhouse. The mood is relaxed, and everyone wants to tell their story after two eventful races.
My oldest son is in the school band, and they are getting ready for their spring concert. Their fall concert was wonderful; hearing dozens of students with their specific instruments playing together creates beautiful, rich sounding music. The depth of sound from orchestral or symphonic music is unmatched. In data
At the time this blog entry was written, there still appears to be little to no signs of locating the missing Malaysian flight MH370. The area of search, although already narrowed down from the size of the United States at one point to the size of Poland, is still vast
I'm a big believer in both/and thinking, so I'll stand squarely in the middle and say that the most important skills for competitive advantage in analytics include a combination of top-notch modeling abilities along with business acumen, critical thinking, and curiosity. I was intrigued by a blog post on this
As the “Year of Statistics” comes to a close, I write this blog in support of the many statisticians who carefully fulfil their analysis tasks day by day, and to defend what may appear to be demanding behavior when it comes to data requirements. How do statisticians get this reputation? Are we
Wavelet analysis is an exciting and relatively new field of study that enables one to extract underlying patterns either from spatially varying or temporally varying data. Pixel values representing the relative brightness and color that constitute an image are an example of spatially varying data, and daily variations of financial
We are in the final countdown to the Analytics 2013 Conference to be held next week, October 21-22 at the Hyatt Regency Orlando. There is a power-packed agenda for the conference, featuring four very strong keynote presentations from Dr. Jim Goodnight, CEO of SAS; Ed Gaffin, Walt Disney World; Will Hakes,
Did you know that more than 30,000 Americans die in traffic accidents every year? Interestingly, the U.S. import of mangoes from Brazil is found to be highly correlated with this fatality rate, as shown in the graph below. But are mango imports a good indicator of the future traffic fatality
My wife rescued a dog a couple of years ago from a rural North Carolina rest stop . We named her "DOTi" in honor of the Department of Transportation. It took a while for us to get into the swing of being responsible owners; sometimes the first to leave for