Have you ever been faced with a lot of data and wanted to use it for predicting the future, or for classifying unknowns? Have you ever had to make a decision given new, incomplete data?
Of course you have. Nobody ever has complete information when making decisions. But if you have access to historical data for your problem, NeuralTools can help! NeuralTools is a sophisticated data mining application that uses neural networks in Microsoft Excel. With NeuralTools, you can make accurate new predictions based on the patterns in your known data. NeuralTools imitates brain functions in order to “learn” the structure of your data. Once NeuralTools understands your data, it can take new inputs and make intelligent predictions. Your spreadsheet can “think” for you like never before!
NeuralTools is used to make credit lending decisions by predicting the likelihood a new borrower will pay back a loan. It’s used for reducing transactional risk by identifying bank or credit card transactions likely to be fraudulent. Call centers use it for staffing strategies by predicting call volumes. Medical professionals use NeuralTools to diagnose unknown tumors and other ailments. The list is endless!
New in Version 7+ – View Your Data with @RISK Charts
The new Data Viewer in NeuralTools allows you to view any Excel data set with the same charting engine used to create @RISK graphs and tables. The Data Viewer can pull from any data source -- no simulation needs to be run.
With an easy-to-use, intuitive interface, users can simply select any variable to instantly create graphs with Palisade’s amazing graphing engine—which can then be manipulated, customized, and used for reporting and sharing. You can create histograms, cumulative charts, trend plots, box plots, and more.
The Data Viewer Summary View, showing thumbnail histograms that can be dragged off for further analysis.
How NeuralTools Works
There are three basic steps in a Neural Networks analysis: training the network on your data, testing the network for accuracy, and making predictions from new data. Only NeuralTools can accomplish all this automatically in one simple step!
NeuralTools can automatically update predictions when input data changes, so you don’t have to manually re-run your predictions when you get new data. Combine with Palisade’s Evolver or Excel’s Solver to optimize tough decisions and achieve your goals like no other Neural Networks package can!
NeuralTools works where you work – in Excel. Because NeuralTools uses the same interface as Excel, you can get up to speed quickly. With NeuralTools, you get the best of both worlds: Excel ease-of-use, combined with robust, accurate predictions.
» Case Studies
|ARCHAEOLOGY||Bone and artifact identification and dating|
|CREDIT CARDS||Detection of fraudulent transactions|
Prediction of air and sea currents
Air and water quality
|FINANCE & SECURITIES||
|FLAVORS & FRAGRANCES||Beer and wine flavor prediction|
|HOMELAND SECURITY||Identfication of potential terrorists|
Loss reserves estimation
|MANUFACTURING||Quality control and Six Sigma|
Accurately target prospects
Measure and compare marketing methods and campaigns
» Case Studies
Tumor and tissue diagnosis
Heart attack diagnosis
Coal plant ash analysis
Energy price prediction
Oil reserves estimation
|PHARMACEUTICALS||New drug effectiveness|
|PSYCHOLOGY||Criminal and psychotic behavior prediction|
|REAL ESTATE||Real estate appraisal|
|TELECOMMUNICATIONS||Network line fault detection|
|UTILITIES||Power grid fault detection|
|Live Prediction feature automatically updates predictions when input data changes (Industrial edition only)||No need to manually re-run predictions as conditions change; allows real-time optimization of input variables.|
|Automatically trains, tests, and predicts in one easy step||Saves time and hassle in setting up analyses|
|Better predictions faster||Save time and make better decisions|
|True add-in, featuring Excel-style functions, toolbar interface, menu, and Excel commands||Intuitive and easy to learn|
|Variable Impact Analysis ranks the effect of input variables on predictions||New input variables can be selected or emphasized for more accurate predictions|
|Training Sensitivity Analysis||Shows reliability of test results based on the size of the testing data set|
|Can train and analyze data spanning multiple worksheets||Virtually unlimited analytical capacity|
|Cases in a dataset can be automatically or manually tagged for training, testing, and prediction data||Saves time and hassle setting up analyses, while allowing for customization|
|Variable matching – variables in the different datasets (training, testing, and prediction) do not need to be in the same order or even have the same names||No hassle managing various datasets|
|Neural Networks Manager for easy management of many trained Neural Networks||Keeps Neural Networks organized for quick retrieval|
|Save Neural Networks in workbooks or as native NeuralTools files||Allows flexibility to use trained Neural Networks on multiple spreadsheets|
|Can be used for both categorical and numeric data||Maximizes the range of problems that can be analyzed|
|No need to create dummy variables for categorical data – NeuralTools automatically interprets categorical data directly||Saves time and improves clarity|
|Graphs and reports customized using standard Excel features||Tremendous variety of reporting options to meet any presentation needs|
|Data Viewer||Create presentation-quality, interactive charts from any data source using Palisade graphing engine|
|Designed to work with StatTools, @RISK, Evolver, and other Palisade products||Combine analysis with other techniques|
NeuralTools comes in two editions: Professional and Industrial. The Professional edition allows up to 1,000 cases per dataset, and the Industrial edition has unlimited capacity. The Industrial edition also adds Live Prediction, whereby the predicted results are updated automatically when the input data changes.
Part of the DecisionTools Suite
NeuralTools is available by itself or as part of the DecisionTools Suite, Palisade’s complete risk and decision analysis toolkit. The DecisionTools Suite includes @RISK, which adds risk analysis to Excel using Monte Carlo simulation, BigPicture for mindmapping and data exploration, PrecisonTree for visual decision tree analysis, TopRank for what-if analysis, NeuralTools and StatTools for data analysis, and more. NeuralTools is fully compatible with all DecisionTools programs and can be combined with them for greater insight and analysis. For example:
NeuralTools and Evolver
Combine NeuralTools with Evolver to optimize complex problems. Set Evolver’s target goal as the live predictive output for NeuralTools, and the cells for Evolver to adjust as the new inputs for NeuralTools. Then watch Evolver and NeuralTools work together to predict the optimal solution. For example, use Evolver to find the optimal amount of money to lend someone while maximizing the chances of repayment.
NeuralTools and RISKOptimizer
You could even run NeuralTools in conjunction with RISKOptimizer, running Monte Carlo simulations on each trial solution and making live predictions of the results.
Save Over 50% When You Buy the Suite
When you buy the DecisionTools Suite, you save over 50% versus buying all components individually. The best analyses at a great price–with the DecisionTools Suite.
Licensing and Training
NeuralTools is available through a variety of licensing options, including corporate, network, and academic licenses. Training, consulting, and books can be bundled with your software to ensure you and your staff get the most out of your investment.
NeuralTools predictions are calculated 100% within Excel, supported by Palisade sampling and statistics proven in over twenty years of use. Palisade does not attempt to rewrite Excel in an external recalculator to gain speed. A single recalculation from an unsupported or poorly reproduced macro or function can dramatically change your results. Where will it occur, and when? Get accurate results using NeuralTools!
COMPATIBILITY: @RISK and DecisionTools Suite software is compatible with all 32-bit and 64-bit versions of Microsoft Windows XP through 10, Excel 2007 through 2016, and Project 2007 through 2016.
64-bit Compatible: 64-bit technology enables Excel and DecisionTools software to access much more computer memory than ever before. This allows for vastly larger models and greater computational power.