Blogs

How much inventory is held in the United States? If you count finished goods, partially finished goods and the raw materials needed to make those goods, there is over $4,000 of ...

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 much ...

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. They include ...

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 the data ...