As one applies this as an analytical model to organizations, whether business or governmental, it becomes truly fascinating.

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Investors need a framework or analytical model to follow in assessing conflicts.

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In police work, the county already has a sophisticated crime data warehouse it developed with IBM, said Petisco, and the IT group is building an analytical model and working on predictive analytics both for crime and for transportation.

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In the real world, we rarely encounter a situation that can be completely modeled with an analytical (rational) model, so the correct answer to the model cannot purport to be the definitively correct answer to the real world situation.

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Jeff Catlin, CEO at Lexalytics, the analytical engine used by Reuters, said that in financial services the company uses a training based classification model.

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