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Text Mining: An Example in R

Word clouds are more than just fancy images – sometimes… Do you sometimes come across word clouds and think, “Strategy consultants really have too much time”? Often that is probably true and word clouds are just put together randomly by dedicated followers of fads and fashion, but they can also be based on statistics. In the latter case, that is…

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Forecasting Healthcare Demand

Why is healthcare forecasting important? Because it prevents deaths! Hospitals. Does the idea of being in dire need of medical attention freak you out? Does the idea of overwhelmed healthcare staff in this situation freak you out even more? If not, you can probably stop reading and get on with your daredevil life, but if you are like me you…

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GeomComb: Forecast Combination in R

Forecast combination can improve forecasts – but where are the software implementations? It isn’t a well-kept secret anymore that forecast combination often improves forecast accuracy. It has been over four decades since Bates and Granger published their famous paper and a large number of different approaches have been suggested in the forecasting literature. Despite the topic’s popularity in research and…

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