Advanced Analytics

Move beyond spreadsheets to data mining, forecasting, optimization – and more

Advanced Analytics
Rick Wicklin 0
Compute the log-determinant of a matrix

The determinant of a matrix arises in many statistical computations, such as in estimating parameters that fit a distribution to multivariate data. For example, if you are using a log-likelihood function to fit a multivariate normal distribution, the formula for the log-likelihood involves the expression log(det(Σ)), where Σ is the

Advanced Analytics
Waynette Tubbs 0
Friday's Innovation Inspiration - Ratemaking

In this Innovation Inspiration, a SAS user has developed the insurance rating plans for a country using predictive modeling. How exciting! Additionally, the system adjusts based upon actual experience. This is quite the accomplishment given the complexity of the ratemaking for even a small geographical territory. The comments section reveal the identity of this innovator. Check it out.

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