Discover how econometricians use math and statistics to analyze and predict economic trends, serving in finance and academia ...

MIT researchers have developed a method that generates more accurate uncertainty measures for certain types of estimation. This could help improve the reliability of data analyses in areas like ...

A new statistical method provides a more efficient way to uncover biologically meaningful changes in genomic data that span multiple conditions -- such as cell types or tissues. A new statistical ...

Various statistical forecasting methods exist designed for use with slow-moving products, new product introductions, stable mature products and products with erratic demand. Determining which ...

When more is less The study shows when collecting more data won't help, an insight that can save time and resources. By borrowing tools such as "free energy" and the "partition function" from physics, ...

PICATINNY ARSENAL, N.J.--In case you've forgotten the adage that "uncertainty is the only certainty," Picatinny Arsenal's Statistics Group is prepared to remind you. Its latest initiative known as ...

Through tumor profiling and statistical analysis, precision oncology uses genomic and other biomarkers to drive discovery, drug development, and clinical care for patients with cancer. It intends to ...