Copyright © 2021 Fienics
Situation:
Implications:
A team of economics PhDs at a consulting company hired a renowned economist to develop a statistical model for a major litigation project. The model was so sophisticated that the team needed someone else to implement the model and apply it to their data. The report needed to be finished within three weeks.
We converted the statistical calculations into computer code so that it could be implemented. The database was far too large to be in memory at any point in time. So, we structured the code so that all calculations could be performed using only a portion of the data at a time. We also designed additional estimation techniques for the team to support new issues that were uncovered in the final days before filing the report.
The client team was able to implement a sophisticated theoretical model and perform all necessary calculations.
Analysis:
Better Information Faster
 |  |  |  |  |