RESEARCH ARTICLES | RISK + CRYSTAL BALL + ANALYTICS

Is Oracle Crystal Ball still relevant?
  • 28 August 2024
  • Author: Eric Torkia
  • Number of views: 224
  • Comments: 0

What tools should modern analysts master 3 tier design after Excel?

Decision Science Developper Stack

When it comes to having a full fledged developper stack to take your analysis to the next level, its not about tools only, but which tools are the most impactful when automating and sharing analysis for decision making or analyzing risk on projects and business operations. 

  • 26 August 2024
  • Author: Eric Torkia
  • Number of views: 139
  • Comments: 0

Comparing Simulation Performance for Crystal Ball, R, Julia and @RISK

The Need For Speed 2019
The Need for Speed 2019 study compares Excel Add-in based modeling using @RISK and Crystal Ball to programming environments such as R and Julia. All 3 aspects of speed are covered [time-to-solution, time-to-answer and processing speed] in addition to accuracy and precision.
  • 25 February 2019
  • Author: Eric Torkia
  • Number of views: 27556
  • Comments: 0

How I Learned to Think of Business as a Scientific Experiment

Bayesian Reasoning using R (Part 2) : Discrete Inference with Sequential Data
Imagine playing a game in which someone asks you to infer the number of sides of a polyhedron die based on the face numbers that show up in repeated throws of the die. The only information you are given beforehand is that the actual die will be selected from a set of seven die having these number of faces: (4, 6, 8, 10, 12, 15, 18). Assuming you can trust the person who reports the outcome on each throw, after how many rolls of the die wil you be willing to specify which die was chosen?
  • 6 November 2018
  • Author: Robert Brown
  • Number of views: 13902
  • Comments: 0

A structured way to make sure you got all the info you need

Are you asking the right questions?
Whether you are a businessman or a practicing professionals such as an attorney, a doctor or a consultant, the ability to ask the right questions is imperative along with the ability to capture the information that is important when an answer is provided. Sometimes knowing where to start is the toughest aspect of solving a problem. Usually a sound approach is breaking out complex problems into smaller more manageable components; as the old adage goes “Do you know how to eat an elephant? One bite at a time!” Check out how to break-down tough problems by following the simple 5W question framework.
  • 28 October 2018
  • Author: Eric Torkia
  • Number of views: 6732
  • Comments: 0
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