Blog Archives

Using neural networks for credit scoring: a simple example

July 4, 2013
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Using neural networks for credit scoring: a simple example

Credit scoring is the practice of analysing a persons background and credit application in order to assess the creditworthiness of the person. One can take numerous approaches on analysing this creditworthiness. In the end it basically comes down to first selecting the correct independent variables (e.g. income, age, gender) that lead to a given level of creditworthiness. In...

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Creating a Business Dashboard in R

March 28, 2013
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Creating a Business Dashboard in R

Business dashboards are available in many shapes and sizes. Business dashboards are useful to create an overview of key performance indicators (KPIs) important for the business strategy and/or operations. There are many flavours of dashboard frameworks and apps available, ranging in price from thousands of dollars to open-source implementations. Apparently  Read more »

Creating a Business Dashboard in R

March 28, 2013
By
Creating a Business Dashboard in R

Business dashboards are available in many shapes and sizes. Business dashboards are useful to create an overview of key performance indicators (KPIs) important for the business strategy and/or operations. There are many flavours of dashboard frameworks and apps available, ranging in price from thousands of dollars to open-source implementations. Apparently there are four key elements to a good dashboard:Simple, communicates easily Minimum distractions…it could cause...

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Genetic algorithms: a simple R example

August 1, 2012
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Genetic algorithms: a simple R example

Genetic algorithm is a search heuristic. GAs can generate a vast number of possible model solutions and use these to evolve towards an approximation of the best solution of the model. Hereby it mimics evolution in nature. GA generates a population, the individuals in this population (often called chromosomes) have  Read more »

Genetic algorithms: a simple R example

August 1, 2012
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Genetic algorithms: a simple R example

Genetic algorithm is a search heuristic. GAs can generate a vast number of possible model solutions and use these to evolve towards an approximation of the best solution of the model. Hereby it mimics evolution in nature. GA generates a population, the individuals in this population (often called chromosomes) have a given state. Once the population is generated, the state of these individuals is evaluated...

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Evolution average number of beds per hospital

July 27, 2012
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Evolution average number of beds per hospital

The OECD collects (among a lot of other statistics) information on the number of hospitals and hospital beds per country. These two parameters combined and its evolution over the years could give an indication on whether or not the country’s hospital landscape is evolving towards large medical centers, small scale  Read more »

Evolution average number of beds per hospital

July 27, 2012
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Evolution average number of beds per hospital

The OECD collects (among a lot of other statistics) information on the number of hospitals and hospital beds per country. These two parameters combined and its evolution over the years could give an indication on whether or not the country's hospital landscape is evolving towards large medical centers, small scale hospital settings or whether there is no trend to detect. In the graph below...

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Estimating required hospital bed capacity

July 23, 2012
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Estimating required hospital bed capacity

Estimating required hospital bed capacity requires a thorough analysis. There are a lot of ways of approaching a capacity requirement problem, but I think we can agree that a simple spreadsheet analysis just won't cut it. The approach described in this post makes use of discrete-event simulation and, just to  Read...

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Estimating required hospital bed capacity

July 23, 2012
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Estimating required hospital bed capacity

Estimating required hospital bed capacity requires a thorough analysis. There are a lot of ways of approaching a capacity requirement problem, but I think we can agree that a simple spreadsheet analysis just won't cut it. The approach described in this post makes use of discrete-event simulation and, just to clarify, makes abstraction from a lot of variables which should be taken into consideration in...

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Holt-Winters forecast using ggplot2

July 16, 2012
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Holt-Winters forecast using ggplot2

R has great support for Holt-Winter filtering and forecasting. I sometimes use this functionality, HoltWinter & predict.HoltWinter, to forecast demand figures based on historical data. Using the HoltWinter functions in R is pretty straightforward. Let's say our dataset looks as follows; demand <- ts(BJsales, start = c(2000, 1), frequency =  Read more...

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