Predictive and simulation analytics : deeper insights for better business decisions / Walter R. Paczkowski.

This book connects predictive analytics and simulation analytics, with the end goal of providing Rich Information to stakeholders in complex systems to direct data-driven decisions. Readers will explore methods for extracting information from data, work with simple and complex systems, and meld mult...

Full description

Saved in:
Bibliographic Details
Main Author: Paczkowski, Walter R.
Format: eBook
Language:English
Published: Cham : Springer, 2023.
Subjects:
Online Access:Click for online access

MARC

LEADER 00000cam a22000007i 4500
001 on1390918504
003 OCoLC
005 20240808213014.0
006 m o d
007 cr cnu---unuuu
008 230722s2023 sz o 000 0 eng d
040 |a EBLCP  |b eng  |e rda  |c EBLCP  |d YDX  |d GW5XE  |d EBLCP  |d OCLCQ  |d YDX  |d OCLCO  |d OCLCF  |d OCLCO  |d UKAHL  |d SFB  |d OCLCO 
019 |a 1390875532 
020 |a 9783031318870  |q electronic book 
020 |a 3031318870  |q electronic book 
020 |z 3031318862 
020 |z 9783031318863 
024 7 |a 10.1007/978-3-031-31887-0  |2 doi 
035 |a (OCoLC)1390918504  |z (OCoLC)1390875532 
050 4 |a HD30.23  |b .P33 2023 
049 |a HCDD 
100 1 |a Paczkowski, Walter R.  |1 https://id.oclc.org/worldcat/entity/E39PCjyg96pr4g4fdHwfyvTXQy 
245 1 0 |a Predictive and simulation analytics :  |b deeper insights for better business decisions /  |c Walter R. Paczkowski. 
264 1 |a Cham :  |b Springer,  |c 2023. 
300 |a 1 online resource (381 p.) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
505 0 |a Intro -- Preface -- The Target Audience -- The Book's Competitive Comparison -- The Book's Structure -- Acknowledgments -- Contents -- List of Figures -- List of Tables -- Part I The Analytics Quest: The Drive for Rich Information -- 1 Decisions, Information, and Data -- 1.1 Decisions and Uncertainty -- 1.1.1 What Is Uncertainty? -- 1.1.2 The Cost of Uncertainty -- 1.1.3 Reducing Uncertainty -- 1.1.4 The Scale-View of Decision Makers -- 1.1.5 Rich Information Requirements -- 1.2 A Data and Information Framework -- 1.3 Rich Information Predictive Extraction Methods 
505 8 |a 1.3.1 Informal Analytical Components -- 1.3.2 Formal Analytical Components -- 1.4 A Systems Perspective -- 1.5 This Book's Focus -- 2 A Systems Perspective -- 2.1 Introduction to Complex Systems -- 2.2 Types of Systems: Examples -- 2.2.1 Economic Complex Systems -- 2.2.2 Business Complex Systems -- 2.2.3 Other Types of Complex Systems -- 2.3 Predictions, Forecasts, and Business Complex Systems -- 2.4 System Complexity and Scale-View -- 2.5 Simulations and Scale-View -- Part II Predictive Analytics: Background -- 3 Information Extraction: Basic Time Series Methods 
505 8 |a 3.1 Overview of Extraction Methods -- 3.2 Predictions as Time Series -- 3.3 Time Series and Forecasting Notation -- 3.4 The Backshift Operator: An Overview -- 3.5 Naive Forecasting Models -- 3.6 Constant Mean Model -- 3.6.1 Properties of a Variance -- 3.6.2 h-Step Ahead Forecasts -- 3.7 Random Walk Model -- 3.7.1 Basic Random Walk Model -- 3.7.2 Random Walk with Drift -- 3.8 Simple Moving Averages Model -- 3.8.1 Weighted Moving Average Model -- 3.8.2 Exponential Averaging -- 3.9 Linear Trend Models -- 3.9.1 Linear Trend Model Estimation -- 3.9.2 Linear Trend Extension 
505 8 |a 3.9.3 Linear Trend Prediction -- 3.10 Appendix -- 3.10.1 Reproductive Property of Normals -- 3.10.2 Proof of MSE = V() + Bias2 -- 3.10.3 Backshift Operator Result -- 3.10.4 Variance of h-Step Ahead Random Walk Forecast -- 3.10.5 Exponential Moving Average Weights -- 3.10.6 Flat Exponential Averaging Forecast -- 3.10.7 Variance of a Random Variable -- 3.10.8 Background on the Exponential Growth Model -- 4 Information Extraction: Advanced Time Series Methods -- 4.1 The Breadth of Time Series Data -- 4.2 Introduction to Linear Predictive Models -- 4.2.1 Feature Specification 
505 8 |a 4.3 Data Preprocessing -- 4.4 Model Fit vs. Predictability -- 4.5 Case Study: Predicting Total Vehicle Sales -- 4.5.1 Modeling Data: Overview -- 4.5.2 Modeling Data: Some Analysis -- 4.5.3 Linear Model for New Car Sales -- 4.6 Stochastic (Box-Jenkins) Time Series Models -- 4.6.1 Model Identification -- 4.6.2 Brief Introduction to Stationarity -- 4.6.3 Correcting for Non-stationarity -- 4.6.4 Predicting with the AR(1) Model -- 4.7 Advanced Time Series Models -- 4.8 Autoregressive Distributed Lag Models -- 4.8.1 Short-Run and Long-Run Effects -- 4.9 Appendix -- 4.9.1 Chow Test Functions 
500 |a 5 Information Extraction: Non-Time Series Methods 
520 |a This book connects predictive analytics and simulation analytics, with the end goal of providing Rich Information to stakeholders in complex systems to direct data-driven decisions. Readers will explore methods for extracting information from data, work with simple and complex systems, and meld multiple forms of analytics for a more nuanced understanding of data science. The methods can be readily applied to business problems such as demand measurement and forecasting, predictive modeling, pricing analytics including elasticity estimation, customer satisfaction assessment, market research, new product development, and more. The book includes Python examples in Jupyter notebooks, available at the book's affiliated Github. This volume is intended for current and aspiring business data analysts, data scientists, and market research professionals, in both the private and public sectors. 
588 0 |a Print version record. 
650 0 |a Decision making  |x Mathematical models. 
650 0 |a Industrial management  |x Statistical methods. 
650 0 |a Industrial management  |x Data processing. 
650 7 |a Decision making  |x Mathematical models  |2 fast 
650 7 |a Industrial management  |x Data processing  |2 fast 
650 7 |a Industrial management  |x Statistical methods  |2 fast 
650 7 |a Presa de decisions.  |2 thub 
650 7 |a Models matemàtics.  |2 thub 
650 7 |a Direcció d'empreses.  |2 thub 
650 7 |a Estadística matemàtica.  |2 thub 
650 7 |a Matemàtica discreta.  |2 thub 
655 7 |a Llibres electrònics.  |2 thub 
776 0 8 |i Print version:  |a Paczkowski, Walter R.  |t Predictive and Simulation Analytics  |d Cham : Springer International Publishing AG,c2023  |z 9783031318863 
776 0 8 |i Print version:  |a PACZKOWSKI, WALTER R.  |t PREDICTIVE AND SIMULATION ANALYTICS.  |d [S.l.] : SPRINGER INTERNATIONAL PU, 2023  |z 3031318862  |w (OCoLC)1374244065 
856 4 0 |u https://holycross.idm.oclc.org/login?auth=cas&url=https://link.springer.com/10.1007/978-3-031-31887-0  |y Click for online access 
903 |a SPRING-ALL2023 
994 |a 92  |b HCD