Software performs numeric and categorical prediction.February 2, 2006 -
Neural networks add-in for Microsoft Excel, NeuralTools(TM) offers sophisticated analysis, as well as instant updating with Live Prediction. Program uses advanced statistical analysis techniques to reveal structure of data set. It learns existing data and uses knowledge and patterns it discovers to make predictions from new, unanalyzed data. Using Solver or Evolver, users can set desired target prediction and set optimizer to continually change model until desired prediction is achieved.
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Original Press release
Palisade Corp.
798 Cascadilla St.
Ithaca, NY, 14850
USA
Palisade Corporation's Neural Networks Add-In Features Live Prediction
ITHACA, N.Y., Jan. 18 / -- Palisade Corporation announces the release today of NeuralTools(TM), its new neural networks add-in for Microsoft Excel that features the innovative Live Prediction function. Neural networks are a rapidly expanding approach to data analysis and prediction, but one that has been implemented primarily by analysts with an advanced understanding of data analysis and artificial intelligence. Now NeuralTools offers the power of sophisticated analysis, as well as instant updating with Palisade's proprietary Live Prediction, to the everyday spreadsheet user.
Real-World Applications
The use of neural networks spans a variety of industry sectors as wide as the use of Excel-from banking to biology, defense to finance, and medicine to manufacturing. Designed for the many nonspecialists in all enterprises who want access to neural networks technology, NeuralTools will find innumerable applications, including loan underwriting, credit card fraud detection, airline security analysis, medical diagnoses, financial investment prediction, and many more.
NeuralTools uses advanced statistical analysis techniques to reveal the structure of a data set. It "learns" existing data and then uses the knowledge and patterns it discovers to make predictions from new, unanalyzed data. All this happens "behind the scenes," so the user need not be involved in setting the parameters of each algorithm. The software can perform both numeric and categorical prediction.
Why Live Prediction Is So Powerful
Live Prediction is the feature that makes NeuralTools a standout among all neural networks software. When new data are entered into an analysis, Live Prediction updates predictions instantly. This is a time-saver and is particularly valuable when combined with Excel's Solver add-in or other optimization software such as Palisade's Evolver(TM). Using Solver or Evolver, users can set a desired target prediction and set the optimizer to continually change the model until the desired prediction is achieved.
For over 20 years Palisade Corporation has been the leader in quantitative analysis add-ins for Microsoft Excel. Palisade products such as @RISK, and the DecisionTools Suite are used by professionals around the world to understand risk and make better decisions.
For more information or to download a free trial version of NeuralTools, visit http://www.palisade.com/neuraltools
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