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Featured Blog Posts (1,490)

J.D. Opdyke, Author: Bootstraps, Permutation Tests, and Sampling With and Without Replacement Orders of Magnitude Faster Using SAS®

A very efficient approach to random sampling in SAS® achieves speed increases orders of magnitude faster than the relevant "built-in" SAS® procedures. For sampling with replacement as applied to bootstraps, seven algorithms are compared, and the fastest ("OPDY"), based on the new approach, achieves speed increases over 220x faster than Proc SurveySelect. OPDY also handles datasets many times larger than those on which two hashing algorithms crash. For sampling without replacement as applied…

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Added by J.D. Opdyke on February 12, 2012 at 9:30am — No Comments

Estimating Operational Risk Capital: the Challenges of Truncation, the Hazards of MLE, and the Promise of Robust Statistics

J.D. Opdyke and Alex Cavallo

In operational risk measurement, the estimation of severity distribution parameters is the main driver of capital estimates, yet this remains a non-trivial challenge for many reasons.  Maximum likelihood estimation (MLE) does not adequately meet this challenge because of its well-documented non-robustness to modest violations of idealized textbook model assumptions, specifically that the data are independent and identically distributed (i.i.d.), which is…

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Added by J.D. Opdyke on February 10, 2012 at 3:56pm — No Comments

Monitoring Financial Stability in a Complex World

Monitoring Financial Stability in a Complex World



Mark D. Flood Allan

Office of Financial Research

I. Mendelowitz

Committee to Establish the Office of Financial Research

William Nichols 

National Institute of Finance



Version 10 / January 19, 2012



Copyright 2012, M. Flood, A. Mendelowitz and W. Nichols

Abstract



We offer a tour d’horizon of the data management issues facing…

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Added by John A Morrison on February 9, 2012 at 10:54pm — No Comments

Australian website allows you to sell your financial spreadsheet template

We recently launched Vumero - a marketplace for Finance and Financial Modeling expertise - www.vumero.com…

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Added by Vincent Granville on February 9, 2012 at 7:30pm — No Comments

Sports Analytics – Featured Case Studies at PAW – March 4-10, San Francisco

Check out these sessions featuring sports analytics at …

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Added by Vincent Granville on February 9, 2012 at 6:30pm — No Comments

Pentaho Cited as a Big Data Strong Performer by Independent Research Firm

Pentaho’s Kettle data integration product cited for ‘richest functionality and most extensive integration with open source Apache Hadoop’

 

Orlando, Fla. – February 8, 2012 – Delivering the …

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Added by Vincent Granville on February 9, 2012 at 6:56pm — No Comments

Bayesian Outlier Detection with Dirichlet Process Mixtures

Matthew S. Shotwell and Elizabeth H. Slate

Abstract.

We introduce a Bayesian inference mechanism for outlier detection using the augmented Dirichlet process mixture. Outliers are detected by forming a maximum a posteriori (MAP) estimate of the data partition. Observations that comprise small or singleton clusters in the estimated partition are considered outliers. We offer a novel interpretation of the Dirichlet process precision parameter, and…

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Added by John A Morrison on February 9, 2012 at 12:37am — No Comments

Interview with Drew Rockwell, CEO of Lavastorm

1. Short Bio

I started my career in the communications industry, where I spent 20 years with a Tier 1 carrier in probably 15 different jobs across the entire organization: Marketing, Advertising, Product Management, Operations, Sales, General Management, Strategy and Business Development. I basically…

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Added by Vincent Granville on February 9, 2012 at 4:00pm — No Comments

Request For Proposal: Financial Market Analysis Algorithms

Hello- 



I am contacting you to make you aware of NineSigma Request, RFP# 67977, "Financial Market Analysis Algorithms."

NineSigma, representing a multi-billion dollar IT company, invites proposals…

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Added by Vincent Granville on February 9, 2012 at 3:30pm — No Comments

One million web sites scored by Compete.com: how does Compete eliminate bias, blend multiple data sources and standardize unique counts?

Bigger, more diverse, more actionable online data

Since we started Compete, we have been continuously updating the quality and consistency of our data. With clickstream data available since 2002, and 10 terabytes of new data arriving monthly, we have amassed and organized hundreds of terabytes of daily consumer digital…

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Added by Vincent Granville on February 9, 2012 at 3:00pm — 2 Comments

Monte Carlo Evaluation of Consistency and Normality of Dichotomous Logistic and Multinomial Logistic Regression Models

Naima Shifa & Mamunur Rashid

Abstract



The dichotomous logistic regression model is one of the popular mathematical models for the analysis of binary data with applications in physical, biomedical, and behavioral sciences, among others. The feature of this model is to quantify the effects of several explanatory variables on one dichotomous outcome variable. Multinomial logistic regression model, on the other hand, handles the categorical dependent…

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Added by John A Morrison on February 9, 2012 at 12:00am — No Comments

Your house might be worth more than you think: questioning Zillow estimates and their statistical methodology

When you are looking to refinance your mortgage, your banker will first look at a Zillow estimates too check the value of your home. These estimates are based on statistical models that were trained on data available when sales volume were high and patterns were either "strong growth" or "strong decline".…

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Added by Analytic Girl on February 5, 2012 at 10:00pm — 4 Comments

How to prevent future 9/11 attacks

One of the things that I don't understand about 9/11, is the fact that two planes crashed into a very visible obstacle in very good weather, despite having sophisticated obstacle-avoidance systems to prevent such collisions. These are known as "ground proximity warning systems", and they have been designed long ago mostly by Don Bateman; they have saved many lives by preventing functioning airplanes from crashing into mountains. These systems are a perfect example of a highly successful…

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Added by Analytic Girl on February 5, 2012 at 9:30pm — 1 Comment

Is my car spying on me? | Orato.com

There is a little computer in your car that records information that you would not have imagined. It knows the speed you're racing down the highway, it knows whether or not you're pounding on the gas or the brakes, it knows if you're wearing a seatbelt, and so much more.

The memory is stored in this little information box, safe and sound, until you get into an accident. Very similar to the black boxes on airplanes, this box holds some very important data about a driver's…

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Added by Vincent Granville on February 4, 2012 at 4:59pm — No Comments

What Data Mining Can and Can't Do | CIO Insight

Peter Fader, professor of marketing atUniversity of Pennsylvania's Wharton School, is the ultimate marketing quant—a world-class, award-winning expert on using behavioral data in sales forecasting and customer relationship management. He's perhaps best known for his July 2000 …

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Added by Vincent Granville on February 3, 2012 at 7:56pm — No Comments

Who Are The Top 20 Influencers in Big Data? | Forbes

We are in the top 20 list :-)

A month back I used Traackr to look at influencers in mobile (look out for an upcoming piece on Kred if you are…

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Added by Vincent Granville on February 3, 2012 at 6:30pm — No Comments

DataScienceCentral.com Announces Content Partnership with Visual.ly to Expand Big Data Ecosystem

The online hub for big data practitioners also adds industry thought leader, Richard Snee, as advisor and guest editor…

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Added by Vincent Granville on February 1, 2012 at 10:51am — No Comments

Document Classification: how to boost your classifier

ADaBoost.M1 tries to improve step by step the accuracy of the classifier analyzing its behavior on training set. (Of course you cannot try to improve the classifier working with the test set!!).

Here lays the problem, because if we choose as "weak algorithm" an SVM, we know that almost always it returns excellent accuracy on the training set with results closed to 100% (in term of true positive).

In this scenario, try to improve the accuracy of classifier assigning different weights…

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Added by Cristian Mesiano on January 30, 2012 at 2:06pm — No Comments

Microsoft General Counsel and EVP, Brad Smith, Complains About How Hard it is to Find Analytic Talent

The complaint is also about the fact that Microsoft, located in Redmond, Washington, can't find local candidates and has to hire candidates from out-of-state (and I guess, from out-of-country), to fill big data, IT, data scientist and engineering positions. There was a long article today in the Seattle Times about how terrible Washington State is - according to Brad Smith - in terms of educating its citizens.…

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Added by Vincent Granville on January 29, 2012 at 7:30pm — 1 Comment

Scoring technology used for credit scoring, healthcare, retail analytics and much more | Seattle Times

By CANDICE CHOI  - The Associated Press. Source: http://seattletimes.nwsource.com/avantgo/2017309601.html

Companies are getting smarter at predicting your next move.…

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Added by Vincent Granville on January 29, 2012 at 7:00pm — No Comments

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