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Monthly Archive

Short examples and tips on how to use different STATISTICA features. Share data mining experiences and examples. Tips for developing with STATISTICA (Visual Basic, .NET). Explore recent statistical news.

Predicting Best Treatment for an Individual Using Weight of Evidence (WoE) and Automatic Binning of Continuous Variables, Leading to Decisioning

by STATISTICA on Wednesday, July 09, 2014 7:36 AM

Linda A. Winters-Miner, Ph.D.Guest-authored by Linda A. Winters-Miner, Ph.D., of Southern Nazarene University in Tulsa, this mini-tutorial comprises excerpts of two tutorials from a book to be released this summer titled Practical Predictive Analytics & Decisioning Systems for Medicine by Winters-Miner, Bolding, Goldstein, Hilbe, Hill, Nisbet, Walton, and Miner (2014).

The first part is the introductory text from a tutorial (F-2) that concerns weight loss, which was authored by Winters-Miner (2014). The second part is a tutorial (J-2) that concerns the medical condition Disseminated Intravascular Coagulation (DIC), which was authored by Khichi, Parsons, and Winters-Miner (2014).

It is hoped that, by combining some aspects of both tutorials here, this mini-tutorial will provide the reader some understanding of the practical utility of WoE and automatic binning processes.

predictive analytics
predictive modeling
weight of evidence
automatic binning

Why predictions go wrong – and how to prevent it

by STATISTICA on Tuesday, June 10, 2014 6:31 AM
StatSoft STATISTICA thomas hill blog photo from TechPageOne.Dell.comA few years ago, I received a monthly mail-order catalog featuring various pieces of self-defense weaponry, including things like brass knuckles, nunchucks, assault knives, throwing stars, and other combat fighting “systems.”
As anyone who knows me can attest, this was clearly an example of market segmentation and propensity modeling gone amok—and a waste of money on the part of the company that sent me the catalog...
predictive modeling
propensity modeling
martial arts
customer segmentation

Completing the value chain: data, insight, action

by STATISTICA on Monday, May 19, 2014 12:15 PM
arrowsI sometimes like to point out that I have predicted every stock market crash in the past 30 years—after they happened. Obviously, reporting on what happened to gain insight is interesting and perhaps useful, but the value of predicting outcomes and “pre-acting” rather than reacting to those outcomes can be priceless.
So what are the real challenges to adopting successfully predictive and prescriptive analytics? The biggest challenge in any such project—in order to incorporate these technologies into mission critical processes—is...
predictive analytics
Dell Software

Credit Scoring at Novum Bank: Data Mining defines success in high risk lending

by STATISTICA on Friday, May 02, 2014 6:46 AM

credit scoring magnifying glass

StatSoft Benelux recently conducted a successful STATISTICA implementation with Novum Bank in the Netherlands, where accurate credit scoring is crucial to the bank's margins, especially in the area of micro-credit. Novum's chief credit risk officer, Johannes "Joop" Bruinzeel, tells the whole story in an interview with Credit Expo, a Dutch newsportal for credit management. We've translated it to English...
credit scoring
predictive analytics

StatSoft is now part of Dell

by STATISTICA on Monday, March 24, 2014 4:00 AM

Dell logo[TULSA, OK, USA, March 24, 2014 ] — StatSoft is proud to announce today that we have joined forces with Dell and Dell’s Information Management Group, one of the largest providers of end-to-end BI and analytic solutions in the market. As of today, StatSoft is part of the Dell organization.

Full story...

Software Management
Software Management Group
advanced analytics

StatSoft Poland Showcases Successes at Annual Seminar

by STATISTICA on Sunday, November 03, 2013 11:36 AM

2013 StatSoft Poland seminarStatSoft Poland recently concluded its popular, annual series of data mining / data analysis seminars in Warsaw during October. Drawing roughly 650 attendees, this year’s presentations centered on improvement of production processes, covering applications in manufacturing and scientific research, as well as specific use cases by StatSoft customers AMCOR and ADFORS...

data mining

StatSoft Expert Weighs In on Big Data Modeling at PAW

by STATISTICA on Friday, November 01, 2013 10:20 AM

Gary Miner portraitAt the recent Predictive Analytics World event in Boston, StatSoft Sr. Statistician Gary Miner, Ph.D., participated in the "Big Data Expert Panel," moderated by PAW Founder Eric Siegel.

According to Ed Burns, site editor of, Dr. Miner and a fellow panelist were of the opinion that improving predictive models alone is more efficient than striving for (the unattainable) 100% data. Other panelists suggested that broader, bigger data collection does have its place, though this place varies industry by industry...

big data
predictive analytics
predictive models

Mayato Study: STATISTICA Surpasses Top Competitors in User Friendliness, Modern Interface

by STATISTICA on Tuesday, October 29, 2013 1:07 PM

Mayato company logoThis past spring, Mayato, a data mining and business analytics consulting company based in Germany, conducted its annual study of data mining tools.

The 2013 study focused on multi-media analytics solutions and pitted several major software vendors against one another. Once again, STATISTICA surpassed its competitors in user friendliness due to its modern interface. Reviewed by Peter Neckel in ComputerWoche...

data mining

StatSoft VP Interviewed by

by STATISTICA on Friday, October 18, 2013 7:19 AM

StatSoft Vice President of Analytic Solutions Dr. Thomas Hill was recently interviewed by Gregory Piatetsky at KDnuggets, an influential website in the fields of data mining and predictive analytics, posted the exclusive interview with Dr. Hill on October 14. StatSoft has included a link to the full text of the interview on our site here.

data mining
predictive analytics
Thomas Hill
cognitive psychology

Data Miners Worldwide Rank STATISTICA #1 in User Satisfaction...Again!

by STATISTICA on Friday, October 04, 2013 10:40 AM

Rexer Analytics logoAt the 2013 Predictive Analytics World conference in Boston October 1, Rexer Analytics announced the highlights of the world’s largest survey of data miners. Several survey questions focused on which products available on the market do respondents use as their “primary tools,” and what levels of satisfaction do respondents experience with the software they use...

data mining

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