It’s used for reducing transactional risk by identifying bank or credit card transactions likely to be fraudulent. NeuralTools is used to make credit lending decisions by predicting the likelihood a new borrower will pay back a loan. Your spreadsheet can “think” for you like never before! Once NeuralTools understands your data, it can take new inputs and make intelligent predictions. NeuralTools imitates brain functions in order to “learn” the structure of your data. With NeuralTools, you can make accurate new predictions based on the patterns in your known data. But if you have access to historical data for your problem, NeuralTools can help! NeuralTools is a sophisticated data mining application that uses neural networks in Microsoft Excel. Nobody ever has complete information when making decisions. Have you ever been faced with a large, complex spreadsheet model and been tasked with determining what the most important factors are? What if you need to determine how sensitive your profits are to particular variables, such as material costs or market share? Or perhaps you want to run a risk analysis in but don’t know which variables are important enough to add distribution functions to. This helps you identify and calculate the value of all possible alternatives, so you can choose the best option with confidence. Decision trees are quantitative diagrams with nodes and branches representing different possible decision paths and chance events.
With PrecisionTree, you can visually map out, organize, and analyze decisions using decision trees, right in Microsoft Excel. PrecisionTree helps you tackle these types of complex, sequential decisions.
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Have you ever been faced with a complex, multi-stage decision like what is the best strategy for testing and drilling for oil, or should we build a new plant or buy an existing one? What about bidding on a new project – what should you bid, and how should you react to your opponent’s bid? Or perhaps you are faced with determining the best litigation strategy is in a legal dispute, or the best series of medical tests and procedures to maximize a patient’s chance of recovery? This allows businesses to not only buffer risks, but also identify and exploit opportunities for growth. With the DecisionTools Suite, you can assess risk and optimize decisions – right in your Excel spreadsheet.įrom the financial to the scientific, anyone who faces uncertainty in their quantitative analyses can benefit from helps both Fortune 100 companies and private consultancies paint a realistic picture of possible scenarios. Take guesswork out of big decisions, and plan strategies with confidence. Bҽginnҽrs should find thҽ app ҽasy to handlҽ, thanқs to thҽ intuitivҽ layout and its ovҽrall simplicity.No matter what industry you're in, the DecisionTools Suite can help you make decisions with confidence.
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