By Richard Smith, Director of SAMSI



The Statistical and Applied Mathematical Sciences Institute (SAMSI) announces a new call for proposals to organize a summer program or workshop focused on a topic within the broad spectrum of new or recent research themes covered by SAMSI, to take place during the summer of 2013. A…

I like to…

Big data must really be big to get its own White House-sanctioned research and development push.

The White House Office of Science and Technology Policy will host a  live…

Sponsored by:

Dear Analytic Professionals:…

When Justin Bassett interviewed for a new job, he expected the usual questions about experience and references. So he was astonished when the interviewer asked for something else: his Facebook username and password.

Bassett, a New York City statistician, had just finished answering a few character questions when the…

It’s been quite a while since business intelligence was the sole province of high-level strategic planners and C-level executives. Today, BI tools and analytics insights are being used by increasing numbers of people to answer immediate tactical questions and identify optimal courses of action. This trend has been enabled and accelerated by the consumerization of IT and the “democratization” of tech knowledge. As…

Hospitals laying off workers, blaming in on fewer patients and lower revenue... No statistical model was able to predict it, although the explanation is obvious.

After several years into Great Recession

• Employers are…

Interesting stuff from the Analytics Magasine from INFORMS (The Operations Research Society):

Market-driven reform already shifting emphasis from volume to value as industry leaders…

First of all, our team is absolutely delighted that Judea Pearl won the ACM Turing Award, widely considered the "Nobel Prize in Computing". For well over a decade we've been exclusively committed to developing software based on Bayesian networks, a paradigm established…

Guest post written by Shomit Ghose

Shomit Ghose is a partner focused on information technology atONSET Ventures.…

Latest Datasets

• Large Truck Crash Causation Study (LTCCS) -...…

1. Automated patient diagnostic and customized treatment. Instead of going to the doctor, you fill an online (decision tree type of) questionnaire. At the end of the online medical exam, customized drugs are prescribed, manufactured and delivered to you: for instance, male drug abusers receive a different mix than healthy females, for the same condition. In short,…

Interesting article published in IEEE Spectrum. 

The queen of the sciences may someday lose its royal status

By ROBERT W. LUCKY  /  MARCH 2012…

Swiss Re

http://www.inriver.bwl.uni-muenchen.de/studium/archiv/sommer2011/master/reinsurance/intro_en.pdf

 In an attempt to navigate what the New York Times calls the "Age of Big Data," companies often turn to social media engagement platforms to analyze thousands of blog posts and articles. Until now, these platforms have only been able to automatically provide results by media source, not by author. However, AlchemyAPI recently developed the first text mining service able to isolate the author of a blog or news post — at a rate of one thousand posts per…

For statistical process control, a number of single charts that jointly monitor both process mean and variability recently have been developed. For quality control-related hypothesis testing, however, there has been little analogous development of joint mean-variance tests: only one two-sample statistic that is not computationally intensive has been designed specifically for the one-sided test of Ho: Mean2<=Mean1 and StDev2<=StDev1 vs. Ha: Mean2>Mean1 OR StDev2>StDev1 (see…

Three metrics can be used to segment the population of data scientists. Each metric has three levels: high, medium, low. Hence the 27 (= 3 * 3 * 3) types of scientists.

Here are the metrics in question:

1. Soft skills: sales, business…

Random Walkers, Informal Quant Meetup in the Crosse Keys Pub

Thursday 8th March

A meetup for quants, risk managers, traders, algos, quant/devs and anyoneelse who (mis)uses maths in finance.This is not a formal affair, we are taking over the balcony area at the back ofthe Crosse Keys pub near Leadenhall…