Perception is not always reality. When business intelligence is often perceived by users as a ready-to-use window on their PC screen that will answer all their questions, …
How do you see the business analytics trio of descriptive, predictive and decision analytics? If you see these activities as mechanical IT processes, you may well head off into …
Which is better? A model to figure out how much energy you’re wasting, or a model to help you save energy from the outset? In a world that has become energy-conscious to a
Real-world problems are interrelated and complex: getting to workable solutions means holistic thinking and collaboration. This is a basic premise of integrated environmental …
The whole is greater than the sum of the parts, say Aristotle and Gestalt psychology. The whole effect of combined factors of a model in terms of sensitivity may also be greater …
Uncertainty analysis is often a prominent part of studies for sectors such as the environment. The uncertainty itself is determined by a number of elements.
Back testing is a favorite with those who want to test out a plan for the future with real data. The real data for the future are not (of course) yet available, however
Value at Risk (VaR) rose to fame in answer to a number of financial disasters, including the 1998 failure of Long Term Capital Management. Much of the criticism at the time was …
