It includes multiple regression, exponential smoothing, and ARIMA models for forecasting, but it also includes data mining tools such as regression tress, k-nearest neighbors, and neural networks for more complex prediction models. XLMiner goes far beyond other statistics and forecasting add-ins for Excel.
"We believe Frontline can powerfully extend XLMiner's reach, and we're supporting their efforts with our XLMiner-based data mining courses taught by expert instructors online." "We're very pleased with this new home for XLMiner," said Peter Bruce, President and CEO of LLC and co-author of the leading textbook Data Mining for Business Intelligence (Wiley, 2010). "We've already started and will continue to integrate XLMiner's capabilities with our Risk Solver Platform, to create one integrated platform for both predictive and prescriptive analytics." "Data mining and predictive analytics are very synergistic with our existing optimization and simulation software for prescriptive analytics and decision-making," said Daniel Fylstra, Frontline's President and CEO.
XLMiner includes data mining tools such as regression trees, k-nearest neighbors, and neural networks as well as statistics tools like multiple regression, exponential smoothing, and ARIMA models for forecasting.įrontline Systems, developers of the Excel Solver and a full line of advanced optimization and simulation software products for Excel, has entered the market for data mining and "predictive analytics" by acquiring all rights to XLMiner, the leading Excel-based add-in for data mining, from its prior owners and distributors, Cytel Software Inc.
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