Chapter 6. Predictive Analysis with MicroStrategy
Predictive analysis can give our business an edge. In this chapter, we will go beyond the simple descriptive statistical functionalities of MicroStrategy. We will discuss how to make predictions based on existing data in hand. We will also discuss how to automate the predictive mechanism using MicroStrategy 10.
The predictive power of a model depends on data quality, and identified patterns and trends remaining unchanged. MicroStrategy is not the ideal tool for discovering these patterns and trends; SAS, R, Stata, or EViews might be better suited to the model developing stage. The strength of MicroStrategy lies in its ability to implement and automate pre-built prediction models into our database, thus saving us time and greatly increasing productivity. MicroStrategy can integrate with third-party solutions, especially with R.
This chapter will cover the following topics:
- Integrating R with MicroStrategy
- Data mining overview
- Steps for...
