I N D U S T R Y S O L U T I O N S
Advanced Forcasting and Data Mining Solutions
KEY BENEFITS The Forecasting Challenge
Forecasting needs arise in a variety of fields and applications. Whether forecasting future
Optimized and supported algorithms expenses and revenues in corporate accounting, planning manufacturing production time and
cost, predicting retail sales trends or deriving an optimal trading strategy for securities,
Unparalled scalabilty and
analysts are faced with the challenge of managing increasingly large and complex data sets.
These data sets can contain thousands of variables making it impractical to use manual
Broad range of solutions for classic and forecasting processes, where each variable is handled individually. In order to efficiently
advanced forecasting problems leverage the vast amount of information that exists in a data set collectively, an analyst needs
Over three decades of expertise in the flexible and scalable forecasting solutions built around a robust, reliable and accurate set of
area of forecasting numerical algorithms.
Expert Professional Services for custom
algorithm and application development
Broad Range of Unique Solutions
For over three decades, Visual Numerics has been providing advanced forecasting and data
Unmatched product support mining solutions across a wide range of industries such as aerospace, government,
telecommunications, financial services and healthcare. Visual Numerics’ forecasting solutions
Seamless and simplified integration
combine technical expertise, decades of hands-on experience and powerful products to create
Time-tested technology for more the highest quality solutions possible for your visual data analysis needs.
Visual Numerics Professional Services can help architect and develop the best solution
for a customer’s specific situation, using the tools and techniques that provide the optimal
solution. With expertise from desktop computing to distributed deployment, Visual Numerics
consultants have the tools and know-how to solve problems at any level of complexity.
Visual Numerics’ IMSL™ Numerical Libraries, available in C, C# for .NET, Java™ and
Fortran, offer a wide range of technologies for use in forecasting, data mining and advanced
predictive analysis. The IMSL Family of products contains the classic approaches to
forecasting and predictive analysis including Regression analysis, Correlation analysis, Cluster
analysis, Analysis of Variance, and Interpolation. The Libraries also offer a number of other
techniques that can be used in data mining and forecast analysis such as covariance analysis,
discriminant analysis, and a comprehensive range of probability distributions and random
number generators, which can be used for Monte Carlo simulations as well as other techniques.
In addition, Visual Numerics’ advanced visual data analysis solution, PV-WAVE, works in
conjunction with the IMSL Libraries to provide sophisticated visualization of forecasting
models. The PV-WAVE family of products offers a highly flexible and scalable development
environment for 2-D, 3-D to nD visualization as well as a Java-based solution for networked
applications and an advanced time series analysis solution. The combination of these tools
R O I I M PA C T and their integration with the IMSL Numerical Libraries provides unsurpassed analytic and
visualization power to users for a wide range of forecasting techniques and other scientific
Reduced risk and business applications.
Faster time to analysis
Whether using the IMSL Libraries, PV-WAVE or other software solutions, Visual Numerics’
Maximized programmer productivity team of Professional Services experts with decades of analytics experience can help
customers research, define, and implement simple to complex forecasting applications.
Improved efficiency Visual Numerics’ approach is to build solutions to customers’ specific needs and data, versus
watering down data to fit into a standard format, which can compromise a customer’s
Advanced Forecasting and Data Mining Techniques
In addition to its classic forecasting tools, Visual Numerics offers advanced forecasting
routines for time series analysis and its JMSL™ Numerical Library for Java applications
includes Neural Network technology for sophisticated data mining. This Neural Network
technology is also available in other programming languages through Visual Numerics
Professional Services team.
Data Mining with Sophisticated Neural Network Technology
Visual Numerics‘ Neural Network technology adds to the broad selection of existing data
mining, modeling and prediction technologies available across the IMSL Family of products.
These Neural Network algorithms are written in pure, native code to deliver excellent
interoperability and ease of use. In addition, they can be used in conjunction with a full suite
of mathematics and statistics capabilities available in the IMSL Family of Numerical Libraries.
ACCURACY OF NEURAL NETWORK MODEL PREDICTION COMPARED TO HISTORICAL AND ACTUAL
OUTCOMES FOR ANNUAL CHAMPAGNE SALES
Visual Numerics’ Neural Networks forecasting classes can help users discover relationships
and valuable information in vast amounts of data. Neural Networks provide a high-flexibility
forecasting approach that delivers accurate forecasts under a variety of conditions including
complex data systems, short time series, mixed categorical and continuous data, noisy data
and large numbers of variables.
Visual Numerics’ Neural Network technology features advanced data pre-processing to
"The flexibility and learning
simplify data mining preparation. These automatic pre-processing algorithms are tailored to
potential of our neural net
work together with the Neural Network training engine to ensure optimal accuracy and
forecasting application has performance, saving the user significant time over manual pre-processing. Unlike other
significant potential to help neural network algorithms, the Neural Network training algorithm implementation in the
IMSL Family allows the user control over parameters such as the number of training epochs,
government agencies and commercial
specific linkages within the network and activation functions. In addition, there is no limit to
businesses improve their predictive the number of layers and perceptions that can be used in the network. This high degree of
analysis capabilities, moving well flexibility and control is especially beneficial to analysts in the fields of finance, business
beyond traditional tools into high analytics, bioinformatics and life sciences, where data sets can be extremely large and
end business intelligence."
teksouth: advanced predictive analytics solution for more accurate
larry northington budget forecasting
vice president of strategic With demanding customers, Teksouth wanted to go beyond traditional forecasting tools and
planning and corporate into true business intelligence in order to help customers more accurately project and budget
development for teksouth,
and a retired u.s. air force
In partnering with Teksouth to develop a Neural Network forecasting application, Visual
Numerics tapped into its mathematical and statistical libraries. The Neural Network
forecasting application extracts information from historical cost data, applying the
information to forecast future costs. The analytic engine will have the flexibility to prioritize
historical data and exclude anomalous data to improve its predictive capabilities. The
solution applies knowledge gained form historical data to new problems, fine-tuning its
forecasting accuracy even more over time.
major european grocery chain
In the very competitive grocery industry, companies win or lose based on their ability to
predict customer shopping habits. A major grocery chain in Europe that handles hundreds of
thousands of products was relying on historical average order statistics to forecast product
demand and inventory. For some products, these statistics did not provide forecasts of short
term inventory requirements. They wanted to do better. The grocery chain turned to Visual
Numerics Professional Services to help them use more advanced statistical and data mining
techniques for predicting inventory requirements. They wanted to quickly and accurately
forecast the demand for each product for each of their stores.
Visual Numerics is delivering a total data mining solution through its extensive libraries,
in-house data mining expertise, and development resources, packaging this technology as a
customized, configurable and easy to use solution. Neural Net preprocessing, forecasting and
training engines will be provided for integration into the customer’s current enterprise .NET
applications used by store managers.