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JMP is taking Discovery online, April 16 and 18. Register today and join us for interactive sessions featuring popular presentation topics, networking, and discussions with the experts.
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Developing Predictive Models

Predictive Analytics has become a very hot topic in business, medical and industrial settings. That’s why statistical techniques, data mining and predictive modelling skills are so highly valued.

 

JMP® data analysis software simplifies the process of interactively exploring your data, building predictive models and making recommendations and decisions. Tune in here at this Zoom Recording Link where we learn about:

 

  • Model Validation to address overfitting
  • Look at measures of prediction accuracy
  • Multivariate and logistic regression
  • Decision Trees and Neural Networks
  • Model Comparison using JMP Pro

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Given the current housing boom, we use the Boston housing case study to outline the … 


• Situation: you are looking for a new home and want to be able to find a home with at least three bedrooms that are close to schools.
• Task: you want to understand what are the main factors and how they affect the median value of homes in the Boston area.
• Action: you obtain real estate data and model home values using multivariate regression and predictive model techniques.
• Result: you are able to accurately predict home values and understand which significant variables contribute the most.
• Next Step: you make decisions and recommendations to your family and then make offers on the three best homes.

 

Want to learn more about Data Mining and Predictive Analytics? Why not explore the Statistical Thinking for Problem Solving e-learning course. This free on-line course is broken down into seven practical modules including Data Mining and Predictive Analytics. Each module comes with its own certificate of completion, which is especially useful for people that want to add statistical techniques to their skills development plans.

 

Last Modified: May 20, 2021 7:53 PM