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Resource Centre

Our resource centre tells it as it is and cuts through the jargon. Our aim is to communicate and demystify statistical tools and techniques.

Extensions to our Correlated Component Regression (CCR) Methodology Author - Gary Bennett

Correlated Component Regression is now our preferred methodology for predictive modelling. It provides more reliable, stable and robust models particularly in the presence of small samples and many highly correlated predictors, which is increasingly commonplace in survey research. It is one of the few methods of its type that..

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Making Key Drivers Models Robust Author - Gary Bennett

At The Stats People, we are against black boxes that require users to place all their faith in scientific looking numeric outputs, which say nothing about how reliable these estimates would be across different samples or on new cases. For some time now, we have been advocating the use..

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Best Worst Case 2 (BWC2) & Hybrid Choice Model Author - Gary Bennett

We’ve always got an eye on what’s going on in leading academic centres. For some years now Professor Jordan Louviere, Co-founder of the Institute for Choice (I4C) at the University of South Australia and one of the early innovators in choice modelling has been advocating use of a special..

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Choice Modelling – A New Approach to Dual Response Author - Gary Bennett

In preparing for a conference paper, we realised that the choice community as a whole has adopted an unrealistic method for dealing with the “No Buy” option in Choice models when asked as a second question after a “forced” choice between the alternatives. This is known as the “Dual..

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