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Analysis of variance (ANOVA) using R

Analysis of variance (ANOVA) represents a common means to perform statistical tests as to whether there is a statistically significant difference among sample means. Though manual calculations are ok if you strive to understand the concept, however, larger examples quickly get tedious. Here, the long-standing open source R statistics package comes to our rescue. To show how R works for a simple ANOVA analysis the ensuing steps provide a quick intro as well a the source code for a fully working example.

Enterprise Performance Management: Trends für 2017

Which trends prevail for 2017 and beyond within the realm of Enterprise Performance Management and what topics are most intensely discussed?

Find below a quick review of those topics that include:

Analytics adviser: the new role for the CFO
The 3 steps of the Prediction Analytics Cycle
Relevant use cases for the financial services industry
As in previous posts this paper is available for download either as pdf (ciber fin insight vol02)or you may generate it online via the LaTex service.

A Reverse World of Digitals

Digitalization gives birth to real things Today we endeavor to digitize everything. Shopping cards, credit cards, services, passports etc. But why do we do that? The thing is we still hang somewhat deep in our pre-digital thoughts that A real, material thing is the origin of all things real. That is, a material credit card […]