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Numerical Analysis and Visualization
in Business
The JMSL Library is the broadest collection of mathematical, statistical,
financial, data mining and charting classes available in 100% Java. It is
the only solution for Java programmers, which combines integrated charting
with the reliable mathematical and statistical functionality of the industry-leading
IMSL™ Numerical Library algorithms.
Today, business decisions need to be based on powerful
and timely business analytics - leveraging all the rich data collected over
the years. This blend of advanced numerical analysis combined with visualization
on the Java platform allows organizations to gain insight into valuable
data and share analysis results across the enterprise quickly for more insightful
and timely decision-making.
Advanced Neural Network Technology
The JMSL Library includes neural network technology that adds to the broad
selection of existing data mining, modeling and prediction technologies
available across the IMSL Family of products. These neural network classification
and forecasting classes have tremendous potential for businesses by offering
the ability to build predictive models using historical data and training
the network to optimize the model over time as more information is obtained.
One of the most powerful features of this set of neural
network classes is the ability to mimic human problem-solving processes
by applying knowledge gained from historical data to new problems, and fine-tuning
the forecasting and classification accuracy over time. With this ability,
businesses can extract information such as historical cost data and apply
this data to the neural network to forecast future costs with increasing
degrees of accuracy.
The process for using a neural network in a data-mining
process can be split into several steps: data preprocessing, network training,
forecasting or classification, and data post-processing.
Powerful Statistics for Leading
Edge Applications
The JMSL Numerical Library includes statistical algorithms that will assist
statisticians and analysts with applications in areas such as bioinformatics
and life sciences where data sets tend to be extremely large and complex.
Another important feature in the JMSL Library is the inclusion of the heat
map chart type, which is used in a number of areas, including life sciences,
for displaying two-dimensional arrays of color values. The heat map chart
adds to an already strong and broad charting offering in the JMSL Library
and helps analysts in a number of fields develop advanced numerical applications
in Java.
Daily Price Movement Ranges for All Securities on The NASDAQ 100
with Ticker Symbols Overlaid |
Plot Displaying Measured Temperature Over the Course of an Entire
Year |
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