This book is designed for engineering students studying for the core paper on probability and statistics. The topics have been dealt in a coherent manner, supported by illustrations for better compre¬hension. Each chapter is replete with examples and exercises. The book also has numerous Multiple Choice Questions at the end of each chapter, thus providing the student with an abundant repository of exam specific problems.

This book guides you through an enjoyable journey, step by step, into the future. A team of fictional characters is introduced to share their learning and working experiences with the readers. In the beginning of the book, you will take the first step by learning the most basic models for one-period forecasts based on past performance of a market. You will also learn how to evaluate your newly built models. Next, you will progress further into intermediate-level models, including multi-period forecasts based on past performance of a market or based on an external factor. It also introduces interval forecasting, which allows you to obtain a range of forecast values instead of a single value in the future. In the second half, you will familiarize yourself with advanced models that provide multi-period forecasts based on multiple internal or external factors. Toward the end, you will learn several applied models in business and economics that will facilitate you with practical applications related to real life situations. The  last chapter summarizes all models introduced in this book and provides a table of references for finding the most important concepts, tables, and figures in the book so that you can recall every step of your adventure.

This book shows how the Bayesian approach to inference is applicable to partially identified models (PIMs) and examines the performance of Bayesian procedures in partially identified contexts. Drawing on his many years of research in this area, the author presents a thorough overview of the statistical theory, properties, and applications of PIMs. He covers a range of PIMs, including models for misclassified data and models involving instrumental variables. He also includes real data applications of PIMs that have recently appeared in the literature.

Master simple-to-complex techniques for transporting and managing data between SAS and Excel William Benjamin's Exchanging Data between SAS and Microsoft Excel: Tips and Techniques to Transfer and Manage Data More Efficiently describes many of the options and methods that enable a SAS programmer to transport data between SAS and Excel. The book includes examples that all levels of SAS and Excel users can apply to their everyday programming tasks. Because the book makes no assumptions about the skill levels of either SAS or Excel users, it has a wide-ranging application, providing detailed instructions about how to apply the techniques shown. It contains sections that gather instructional and syntactical information together that are otherwise widely dispersed, and it provides detailed examples about how to apply the software to everyday applications. These examples enable novice users and power developers alike the chance to expand their capabilities and enhance their skillsets. By moving from simple-to-complex applications and examples, the layout of the book allows it to be used as both a training and a reference tool. Excel users and SAS programmers are presented with tools that will assist in the integration of SAS and Excel processes in order to automate reporting and programming interfaces. This enables programming staff to request their own reports or processes and, in turn, support a much larger community.

Risk analysis has become critical to modern financial planning Financial Forecasting, Analysis and Modelling provides a complete framework of long-term financial forecasts in a practical and accessible way, helping finance professionals include uncertainty in their planning and budgeting process. With thorough coverage of financial statement simulation models and clear, concise implementation instruction, this book guides readers step-by-step through the entire projection plan development process. Readers learn the tools, techniques, and special considerations that increase accuracy and smooth the workflow, and develop a more robust analysis process that improves financial strategy. The companion website provides a complete operational model that can be customised to develop financial projections or a range of other key financial measures, giving readers an immediately-applicable tool to facilitate effective decision-making. In the aftermath of the recent financial crisis, the need for experienced financial modelling professionals has steadily increased as organisations rush to adjust to economic volatility and uncertainty. This book provides the deeper level of understanding needed to develop stronger financial planning, with techniques tailored to real-life situations. Develop long-term projection plans using Excel Use appropriate models to develop a more proactive strategy Apply risk and uncertainty projections more accurately Master the Excel Scenario Manager, Sensitivity Analysis, Monte Carlo Simulation, and more Risk plays a larger role in financial planning than ever before, and possible outcomes must be measured before decisions are made. Uncertainty has become a critical component in financial planning, and accuracy demands it be used appropriately. With special focus on uncertainty in modelling and planning, Financial Forecasting, Analysis and Modelling is a comprehensive guide to the mechanics of modern finance.

A pragmatic approach to Big Data by taking the reader on a journey between Big Data (what it is) and the Smart Data (what it is for). Today's decision making can be reached via information (related to the data), knowledge (related to people and processes), and timing (the capacity to decide, act and react at the right time). The huge increase in volume of data traffic, and its format (unstructured data such as blogs, logs, and video) generated by the "digitalization" of our world modifies radically our relationship to the space (in motion) and time, dimension and by capillarity, the enterprise vision of performance monitoring and optimization.

Turn your R code into packages that others can easily download and use. This practical book shows you how to bundle reusable R functions, sample data, and documentation together by applying author Hadley Wickham’s package development philosophy. In the process, you’ll work with devtools, roxygen, and testthat, a set of R packages that automate common development tasks. Devtools encapsulates best practices that Hadley has learned from years of working with this programming language. Ideal for developers, data scientists, and programmers with various backgrounds, this book starts you with the basics and shows you how to improve your package writing over time. You’ll learn to focus on what you want your package to do, rather than think about package structure. Learn about the most useful components of an R package, including vignettes and unit tests Automate anything you can, taking advantage of the years of development experience embodied in devtools Get tips on good style, such as organizing functions into files Streamline your development process with devtools Learn the best way to submit your package to the Comprehensive R Archive Network (CRAN) Learn from a well-respected member of the R community who created 30 R packages, including ggplot2, dplyr, and tidyr

This book focuses on the basic concepts and the related technologies of data mining for social medial. Topics include: big data and social data, data mining for making a hypothesis, multivariate analysis for verifying the hypothesis, web mining and media mining, natural language processing, social big data applications, and scalability. It explains analytical techniques such as modeling, data mining, and multivariate analysis for social big data. This book is different from other similar books in that presents the overall picture of social big data from fundamental concepts to applications while standing on academic bases.

Learn methods of data analysis and their application to real-world data sets This updated second edition serves as an introduction to data mining methods and models, including association rules, clustering, neural networks, logistic regression, and multivariate analysis. The authors apply a unified "white box" approach to data mining methods and models. This approach is designed to walk readers through the operations and nuances of the various methods, using small data sets, so readers can gain an insight into the inner workings of the method under review. Chapters provide readers with hands-on analysis problems, representing an opportunity for readers to apply their newly-acquired data mining expertise to solving real problems using large, real-world data sets. Data Mining and Predictive Analytics, Second Edition: Offers comprehensive coverage of association rules, clustering, neural networks, logistic regression, multivariate analysis, and R statistical programming language Features over 750 chapter exercises, allowing readers to assess their understanding of the new material Provides a detailed case study that brings together the lessons learned in the book Includes access to the companion website, www.dataminingconsultant, with exclusive password-protected instructor content Data Mining and Predictive Analytics, Second Edition will appeal to computer science and statistic students, as well as students in MBA programs, and chief executives.

Although the terms "data mining" and "knowledge discovery and data mining" (KDDM) are sometimes used interchangeably, data mining is actually just one step in the KDDM process. Data mining is the process of extracting useful information from data, while KDDM is the coordinated process of understanding the business and mining the data in order to identify previously unknown patterns. Knowledge Discovery Process and Methods to Enhance Organizational Performance explains the knowledge discovery and data mining (KDDM) process in a manner that makes it easy for readers to implement. Sharing the insights of international KDDM experts, it details powerful strategies, models, and techniques for managing the full cycle of knowledge discovery projects. The book supplies a process-centric view of how to implement successful data mining projects through the use of the KDDM process. It discusses the implications of data mining including security, privacy, ethical and legal considerations. Provides an introduction to KDDM, including the various models adopted in academia and industry Details critical success factors for KDDM projects as well as the impact of poor quality data or inaccessibility to data on KDDM projects Proposes the use of hybrid approaches that couple data mining with other analytic techniques (e.g., data envelopment analysis, cluster analysis, and neural networks) to derive greater value and utility Demonstrates the applicability of the KDDM process beyond analytics Shares experiences of implementing and applying various stages of the KDDM process in organizations The book includes case study examples of KDDM applications in business and government. After reading this book, you will understand the critical success factors required to develop robust data mining objectives that are in alignment with your organization’s strategic business objectives.

Praise for the First Edition "If there is anything you want to know, or remind yourself, about probabilities, then look no further than this comprehensive, yet wittily written and enjoyable, compendium of how to apply probability calculations in real-world situations." - Keith Devlin, Stanford University, National Public Radio's "Math Guy" and author of The Math Gene and The Unfinished Game From probable improbabilities to regular irregularities, Probabilities: The Little Numbers That Rule Our Lives, Second Edition investigates the often surprising effects of risk and chance in our lives. Featuring a timely update, the Second Edition continues to be the go-to guidebook for an entertaining presentation on the mathematics of chance and uncertainty. The new edition develops the fundamental mathematics of probability in a unique, clear, and informal way so readers with various levels of experience with probability can understand the little numbers found in everyday life. Illustrating the concepts of probability through relevant and engaging real-world applications, the Second Edition features numerous examples on weather forecasts, DNA evidence, games and gambling, and medical testing. The revised edition also includes: The application of probability in finance, such as option pricing The introduction of branching processes and the extinction of family names An extended discussion on opinion polls and Nate Silver's election predictions Probabilities: The Little Numbers That Rule Our Lives, Second Edition is an ideal reference for anyone who would like to obtain a better understanding of the mathematics of chance, as well as a useful supplementary textbook for students in any course dealing with probability.

Dive deeply into the quantitative finance domain using R with 'Mastering R for Quantitative Finance.' Through this book, you'll explore advanced R programming techniques tailored to financial modeling, risk assessment, and trading strategy optimization. This comprehensive guide aims to equip you with the tools to build practical quantitative finance solutions. What this Book will help me do Analyze detailed financial data using R and quantitative techniques. Develop predictive models for time series and risk management. Implement advanced trading strategies tailored to current market conditions. Master simulation techniques for scenarios without analytical solutions. Evaluate portfolio risks and potential returns with advanced methods. Author(s) None Gabler is a seasoned expert in quantitative finance and R programming, bringing years of practical experience to this book. Her approach combines theoretical depth with practical examples to ensure readers can apply the learned concepts in real-world financial contexts. Her passion for teaching and clear writing style make complex topics accessible to both practitioners and learners. Who is it for? This book is for financial professionals and data scientists seeking to delve into quantitative finance using R. Ideal readers are familiar with the basics of economics and statistics and are looking to apply advanced analytics in finance. If you are aiming to refine your modeling skills or develop precise strategies, this book is tailored for you. It's perfect for those eager to bridge the gap between theory and practical application.

This book covers the aspects of R most often used by statistical analysts. Incorporating the use of RStudio and the latest R packages, this second edition offers new chapters on simulation, special topics, and case studies.

Discover how data science can help you gain in-depth insight into your business - the easy way! Jobs in data science abound, but few people have the data science skills needed to fill these increasingly important roles in organizations. Data Science For Dummies is the perfect starting point for IT professionals and students interested in making sense of their organization's massive data sets and applying their findings to real-world business scenarios. From uncovering rich data sources to managing large amounts of data within hardware and software limitations, ensuring consistency in reporting, merging various data sources, and beyond, you'll develop the know-how you need to effectively interpret data and tell a story that can be understood by anyone in your organization. Provides a background in data science fundamentals before moving on to working with relational databases and unstructured data and preparing your data for analysis Details different data visualization techniques that can be used to showcase and summarize your data Explains both supervised and unsupervised machine learning, including regression, model validation, and clustering techniques Includes coverage of big data processing tools like MapReduce, Hadoop, Dremel, Storm, and Spark It's a big, big data world out there - let Data Science For Dummies help you harness its power and gain a competitive edge for your organization.

Scientific progress depends on good research, and good research needs good statistics. But statistical analysis is tricky to get right, even for the best and brightest of us. You'd be surprised how many scientists are doing it wrong. Statistics Done Wrong is a pithy, essential guide to statistical blunders in modern science that will show you how to keep your research blunder-free. You'll examine embarrassing errors and omissions in recent research, learn about the misconceptions and scientific politics that allow these mistakes to happen, and begin your quest to reform the way you and your peers do statistics. You'll find advice on: Asking the right question, designing the right experiment, choosing the right statistical analysis, and sticking to the plan How to think about p values, significance, insignificance, confidence intervals, and regression Choosing the right sample size and avoiding false positives Reporting your analysis and publishing your data and source code Procedures to follow, precautions to take, and analytical software that can help Scientists: Read this concise, powerful guide to help you produce statistically sound research. Statisticians: Give this book to everyone you know. The first step toward statistics done right is Statistics Done Wrong.

The book gives a systematical presentation of stochastic approximation methods for discrete time Markov price processes. Advanced methods combining backward recurrence algorithms for computing of option rewards and general results on convergence of stochastic space skeleton and tree approximations for option rewards are applied to a variety of models of multivariate modulated Markov price processes. The principal novelty of presented results is based on consideration of multivariate modulated Markov price processes and general pay-off functions, which can depend not only on price but also an additional stochastic modulating index component, and use of minimal conditions of smoothness for transition probabilities and pay-off functions, compactness conditions for log-price processes and rate of growth conditions for pay-off functions. The volume presents results on structural studies of optimal stopping domains, Monte Carlo based approximation reward algorithms, and convergence of American-type options for autoregressive and continuous time models, as well as results of the corresponding experimental studies.

Discovering JMP 12 provides a basic introduction to using JMP. For new users of JMP, this is a great place to start. The book also includes details about importing your data into JMP, analyzing the data, and sharing the results.

JMP 12 Basic Analysis covers the initial types of analyses that you often perform in JMP, such as univariate, bivariate, and oneway analyses. Creating tables of summary statistics with the Tabulate platform is included along with approximating sampling distributions using bootstrapping. Find information about how to clean up your data before performing analyses.

JMP 12 Consumer Research focuses on analyses that help users observe and predict subject's behavior, particularly those in the market research field. The Uplift platform predicts consumer behavior based on shifts in marketing efforts. Learn how to tabulate and summarize categorical responses with the Categorical platform. Factor Analysis rotates principal components to help identify which directions have the most variation among the variables. The book also covers Item Analysis, a method for identifying latent traits that might affect an individual's choices. And read about the Choice platform, which market researchers use to estimate probability in consumer spending.

JMP 12 Design of Experiments Guide covers classic DOE designs (for example, full factorial, response surface, and mixture designs). Read about more flexible custom designs, which you generate to fit your particular experimental situation. Discover JMP’s definitive screening designs, an efficient way to identify important factor interactions using fewer runs than required by traditional designs. And read about creating designs that test systems where failures occur as a result of interactions among components or subsystems. The book also provides guidance on determining an appropriate sample size for your study.

Start with JMP 12 Essential Graphing to find the ideal graph for your data. The book begins with Graph Builder, a quick way to create graphs in a drag-and-drop window. Line charts, ellipses, box plots, and maps are just a few of the graphs available in Graph Builder. Find information about creating other types of plots: bubble plots, scatterplots, parallel plots, and more.

JMP 12 Fitting Linear Models focuses on the Fit Model platform and many of its personalities. Linear and logistic regression, analysis of variance and covariance, and stepwise procedures are covered. Also included are multivariate analysis of variance, mixed models, generalized models, and models based on penalized regression techniques.

The JMP 12 JSL Syntax Reference focuses on functions and their arguments, and messages that you send to objects and display boxes. Notes and examples are included.

JMP 12 Multivariate Methods describes techniques for analyzing several variables simultaneously. The book covers descriptive measures, such as correlations. It also describes methods that give insight into the structure of the multivariate data, such as clustering, principal components, discriminant analysis, and partial least squares.

JMP 12 Profilers covers the family of interactive profiling tools, which enable you to view cross-sections of any response surface. The book also includes details about plotting points and surfaces in a three-dimensional graph.