Editor's review
NeuroXL is a neural net add-in for Microsoft Excel. It consists of PredictorXL and ClassifierXL. PredictorXL is designed for forecasting and estimating numeric amounts such as sales, prices, etc. ClassifierXL is designed for classifying data in Excel.
Pros: NeuroXL Package works with Microsoft Excel. It is a package of couple of neural net based software items. The two modules are PredictorXL and ClassifierXL. The [predictor helps predict trends. Being based on neural nets it is capable of learning from examples of trend spotting by experts. NeuroXL Predictor (PredictorXL) can quickly and accurately solve forecasting and estimation problems in Microsoft Excel. It helps experts predict outcomes of real events. There’s no learning about neural nets involved with the modules. The details of the technology are buried and the users need to learn how to operate the package only.
The Predictor provides five transmission functions Threshold, Hyperbolic tangent, Zero-based log-sigmoid, Log-sigmoid and Bipolar sigmoid. You can choose the function according to what is likely to produce the best outcome for you. Once the net is trained you can store the same and use it for future scenarios/data sets that are similar in financial, business or sports.
The Classifier on the other hands helps experts in real-world data mining and pattern recognition tasks. It is able to provide the graphs and statistics so that the results are easily understood. NeuroXL Classifier delivers accurate and fast classifications based on the neural net and other Artificial Intelligence areas. NeuroXL Classifier can be applied to solve problems in range of industry verticals and disciplines, including finance, business, medicine, and research science. Its ability to handle numerous, often-interrelated variables makes it widely applicable to classifying market data.
Cons: This package obviously is for experts, experts who understand prediction and classification.
Overall: Good set of functionality and seamless integration with the Excel makes it a 4 star application.
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