Quote from Rob Neyer, ESPN

"In business, as in baseball, the question isn't whether or not you'll jump into analytics; the question is when. Do you want to ride the analytics horse to profitability...or follow it with a shovel?"

Tuesday, December 11, 2007

Modeling 1: Introduction to Security Modeling and Simulation

The whole point of a model is to present information in such a way that complex material becomes understandable.

Businesses have been using mathematical modeling techniques for many decades in order to streamline processes, to make management decisions and to forecast future trends, risks and events. Science and engineering have used mathematical modeling and statistics to describe natural phenomena for over a century and a half. Weather models predict, prevent, and warn against natural disasters and forecast the weekend weather. Farmers would find it even more difficult to be profitable without forecasting models.

More to come...

Modeling 2

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