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The Analytics World | IQAnalytics Inc.
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The Analytics World

The Analytics World

The Analytics World has wonderful historical moments and aspects to think and reflect about. There are multiple things to use in the current demand of solutions based on analytics in data-drive organizations. These examples of the historical experience show part of the analytics evolution:

  • Brownian Motion was described by Brown R. (1827) used by Einstein (1905), Wiener (1961) and Black and Scholes (1973)
  • Von Neumann and Morgenstern (1944) wrote “There is no point in using exact methods where there is no clarity in the concepts and issues to which they are to be applied.”
  • Norbert Wiener (1961) wrote “ The theory of linear prediction and of non-linear prediction both involve some criteria of the goodness of the fit of the prediction. The simplest criterion, although by no means the only usable one, is that of minimizing the mean square of the error. This is used in a particular form in connection with the functionals of the Brownian motion which I employ for the construction of non-linear apparatus,…”

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