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All Blog Posts Tagged 'risk' (7)

Business analytics model risk: framing model risk

Business analytics model risk (part 0 of 5): framing model risk - the complexity genie and the challenge of deciding on decision models

Introduction to a series of five articles on model risk

Here we introduce a series of five articles seeking to frame, define, and categorize business analytics model risk.  The intention is to propose processes and practices for strengthening organizational decision model risk mitigation. The series of five…

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Added by Scott Mongeau on June 13, 2013 at 3:54pm — No Comments

Read the Preface for Siegel’s Book – Predictive Analytics

Read the Preface for Siegel’s Book – Predictive Analytics



Here is the preface for Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die



By Eric Siegel, with a foreword from Tom Davenport

(Wiley, February 2013)

 

To order the book:…

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Added by Eric Siegel on February 8, 2013 at 6:30am — 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

Decision Support and Risk Analytics Webinar 1:00pm EDT, Wednesday, September 21st, 2011

Decision Support and Risk Analysis Webinar

1:00pm EDT, Wednesday, September 21st, 2011

Sign up:

http://www.lumina.com/why-analytica/sign-up-for-a-webinar/

 

Added by Phil Morettini on September 19, 2011 at 10:18am — No Comments

Will make two presentations at COLLABORATE 10 – IOUG (Independent Oracle User Group) Forum

COLLABORATE 10 – IOUG (Independent Oracle User Group) Forum April 18-22,2010, Las Vegas, Nevada
1. Building a Check Fraud Detection System Using Oracle 11g and Oracle Data Mining, April 20, 2010
2. Building a Card Fraud Reporting Portal, April 22, 2010

Added by Jiang (Jay) Zhou on December 11, 2009 at 9:44pm — No Comments

Inference for R version 3.5: Inference in PowerPoint Makes its Debut

I am happy to announce the release of Inference for R version 3.5. This is a significant release for Inference that includes several major features requested by users:



• Inference in PowerPoint: Embed and run R code in PowerPoint presentations just as you can in Word and Excel.



• Run-in-Place: Execute R code inside of an Excel, Word, or PowerPoint document and see the code results immediately in the same document – “preview” how your document will execute without having to… Continue

Added by Ben Hinchliffe on June 18, 2009 at 2:55pm — No Comments

Analyzing the Question - How Covered Are We?

When your career hinges on ensuring coverage over regulatory compliance, you will appreciate the common curse that is had when asking, "how covered are we?". The answer is never straight, nor simple, and generally results in wondering why you asked to begin with - ultimately it’s a judgment call. Readers may find some consolation knowing that there exists a large group of red-eyed, late-night, complex report-reading types that must make the same difficult decision, and seek to ensure… Continue

Added by Susan Smith on November 19, 2008 at 6:23pm — No Comments

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