Blog Archives

R code for Chapter 1 of Non-Life Insurance Pricing with GLM

March 1, 2012
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R code for Chapter 1 of Non-Life Insurance Pricing with GLM

Insurance pricing is backwards and primitive, harking back to an era before computers. One standard (and good) textbook on the topic is Non-Life Insurance Pricing with Generalized Linear Models by Esbjorn Ohlsson and Born Johansson. We have been doing some work in this area recently. Needing a robust internal training course and documented methodology, we have...

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doSMP pulled

March 1, 2012
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doSMP pulled

They have finally pulled that buggy unreliable piece of code that was doSMP from the CRAN mirrors while (I hear) Revolutions are re-writing it. To use all your cores for analysis on the Windows platform, you can try doSNOW instead; my code is something like the fragment...

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doSMP pulled

March 1, 2012
By
doSMP pulled

They have finally pulled that buggy unreliable piece of code that was doSMP from the CRAN mirrors while (I hear) Revolutions are re-writing it. To use all your cores for analysis on the Windows platform, you can try doSNOW instead; my code is something like the fragment below. Neither option is as attractive...

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R versus SAS/SPSS in corporations

October 28, 2011
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R versus SAS/SPSS in corporations

A recent question on one of the LinkedIn groups about the advantages of using R over commercial tools like SAS or IBM SPSS Modeller drew lots of comments for R. We like R a lot and we use it extensively, but I also wanted to balance the discussion. R is great, but looking at commercial organizations near...

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R versus SAS/SPSS in corporations

October 28, 2011
By
R versus SAS/SPSS in corporations

A recent question on one of the LinkedIn groups about the advantages of using R over commercial tools like SAS or IBM SPSS Modeller drew lots of comments for R. We like R a lot and we use it...

Read more »

R versus SAS/SPSS in corporations

October 28, 2011
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R versus SAS/SPSS in corporations

Background We have created and managed analytics teams in commercial organizations (mainly telecommunications) across Europe. The teams were using SAS or SPSS. Our company now has a commercial analytics as a service offering and we mainly use R.

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Commercial Analytics: The Capabilities

October 5, 2011
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Commercial Analytics: The Capabilities

Commercial Analytics is the kind that makes money. From data to dollars, insights to income, this is all about how to run the business better. To do it and to do it well you need certain capabilities in place. This article builds a map of those business capabilities to help you assess, understand, and plan your business.

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5 common pitfalls of commercial analytics projects

September 5, 2011
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5 common pitfalls of commercial analytics projects

We have 20 years of experience of big data environments within a variety of industries including Research, Banking, Insurance, and Telecommunications. We have especially worked with customer data: Marketing, Risk Management, customer segmentation and -profitability, and customer-driven product development.

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Friday quote: what is the question to which this number is the answer?

August 26, 2011
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Friday quote: what is the question to which this number is the answer?

John Kay muses on interpreting statistical data: Always ask of such data “what is the question to which this number is the answer?”. “Earnings before interest, tax, depreciation and amortisation on a like-for-like basis before allowance for exceptional restructuring costs” is the answer to the question “what is the highest profit number we can present without attracting...

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Friday quote: what is the question to which this number is the answer?

August 26, 2011
By
Friday quote: what is the question to which this number is the answer?

John Kay muses on interpreting statistical data: Always ask of such data “what is the question to which this number is the answer?”. “Earnings before interest, tax, depreciation and amortisation on a like-for-like basis before allowance for exceptional restructuring costs” is the answer to the question “what is the highest profit number we can present without attracting flat disbelief?”.

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