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Modeling tips & tricks

Learn from our team of modeling experts and the decision analysis community on best practices for model building. Here you will find information about Analytica, as well as general tips and tricks. Topics include how to go about structuring a complex problem, how to analyze models using sensitivity and scenario analysis, and tips on selecting graphs and maps to provide clearer insights. Overall we want to guide you and your organization to be better decision makers, no matter what industry or field you work in.

For more a more comprehensive list of tutorials, user guides, videos, example models, and libraries, check out our Analytica Docs website.

Estimation of mutual information

A measure of association is a function that rates the strength of statistical dependence between two variables. In casual talk, people often express this idea by asserting that ...

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Never tell me the odds?

In my last post, I discussed the meaning of expected value (EV) and how it’s useful for comparing the values of choices we could make when the outcomes we face with each choice ...

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Displaying indexes in balloon help

In a meeting today, Paul Sanford suggested that it would be nice if Analytica would show the indexes of a variable when you hover over its node. “I know how I can do that right ...

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Fear and loathing in Las Vegas with Reverend Bayes

A trip to Vegas, an evil clown, a bizarre coin, and a minister. "What could go wrong?" I commented in a footnote of an earlier post that one of my favorite – no, morally obligated ...

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Do risk analysts dream of electron microscopes?

From as early as I can remember, I have always wanted to be a scientist. Indeed, while most kids my age were doing normal, healthy kid things on summer afternoons, like engaging ...

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