Analytica

Analytica

Analytica is software used for visual modeling and simulation. It allows users to build models with relationships between variables and run simulations to analyze outcomes. Commonly used for risk analysis, forecasting, and optimization.
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Analytica: Visual Modeling & Simulation Software

Discover Analytica, a powerful software for building models with relationships between variables, running simulations, and analyzing outcomes for risk analysis, forecasting, and optimization.

What is Analytica?

Analytica is a visual modeling and simulation software tool developed by Lumina Decision Systems. It allows users to build influence diagrams with relationships between variables and run Monte Carlo simulations to analyze possible outcomes and performance. Key features of Analytica include:

  • Intuitive graphical interface for building models
  • Ability to incorporate uncertainties with probability distributions
  • Large library of statistical, financial, scientific, and other functions
  • Integration with databases and spreadsheets
  • Sensitivity analysis, optimization, and what-if analysis capabilities
  • Customizable reports and dashboards

Analytica is commonly used in business for risk analysis, forecasting demand, resource allocation, project evaluation, and strategy planning. It helps evaluate complex models with many variables and identify key drivers and relationships. The visual nature facilitates communication of the logic and results. With its advanced simulation engine and variety of analysis methods, Analytica is a versatile tool for gaining business insights and evaluating decisions under uncertainty across many industries and use cases.

Analytica Features

Features

  1. Visual modeling and simulation
  2. Causal modeling with influence diagrams
  3. Uncertainty and sensitivity analysis
  4. Optimization
  5. Forecasting and predictive analytics
  6. Risk analysis
  7. Customizable libraries and functions
  8. Integration with databases and spreadsheets
  9. Collaboration tools

Pricing

  • Free 101 edition
  • Subscription-based pricing for Pro and Enterprise editions

Pros

Intuitive visual interface

Powerful simulation and analysis capabilities

Handles complex models with many variables

Uncertainty and sensitivity analysis tools

Optimization algorithms

Can integrate external data sources

Collaboration features

Cons

Steep learning curve

Limited file import/export options

No scripting or programming capabilities

Lacks some advanced statistical analysis features

Can be slow with very large models

Official Links

Official Website
https://lumina.com/

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