Services in the Field of Economics

StatSciConsult offers high quality applications of a wide range of techniques used in different business areas. Classical statistical methods, stochastic modeling and simulation are used as well as evidence based decision making.

We develop, program, and run

  • Markov models
  • Semi Markov models
  • Hidden Markov models
  • Multilevel Bayesian models

to calculate outcomes like costs or disease progression.


We also apply


Depending on the requirements of the client we also apply

  • Descriptive statistics
  • Explorative data analysis
  • Time series analysis
  • Evidence based techniques
  • Interval probability and belief functions
  • Decision making by uncertainty


We also offer training in these techniques.
Further methods under Services/Other.