Amazing Software

[osknows]

I use several pieces of software for my analysis but thought I'd let the cat out of the bag on one of the best 'free' pieces of software going...
http://rapid-i.com/index.php?lang=en

[Lewis]

Thanks, fact that it is open source makes it worth looking into and should prove useful.

[Royville]

Hi Osknows,

What does this do exactly? Could you possably give an example for us simpler minded folk out here?

Roy

[osknows]

It's a data analysis / stats tool which contains both classical and new methods to analyse data. If you have a set of data and want to uncover information contained within it then this tool may help you find it

[KevinTHFC]

Thanks for the link Osknows.
I was going to ask the same question as Royville.
I appreciate your answer but would respond how?
Could you give a betting related example where you could use this tool rather than doing it directly in your spreadsheet or database?
Many Thanks

Kevin

[doris_day]

Thanks for the link. I'll take a look.

I have another datamining app that uses neural nets but in all cases I've found the sheer weight of data is restricting in what I can do with it. I have around 630K rows and around 50 columns, making 30million data points. That's a lot to get through, no matter what analysis package you've got.

Generally, I like to think of possible scenarios myself and then just do the analysis by hand. It may sound cumbersome but I've generally got better results using that methodology.

Sometimes though I've used a random sample, shoved it through the datamining app in Excel just to see if it throws up anything that I might not have thought of. That's been quite a good method to give me some 'out of the box' concepts that I would have otherwise missed.

[xraymitch]

Appreciate the link and would like to get up to speed quickly on using it.

Without giving any of your trading secrets away is there any chance of giving us an example.

It's a fascinating world this automated betting

Many thanks,

Ray