Mathematical/ Statistical Modelling

One of the major challenges in industrial and scientific modelling is the prediction of important outcomes such as profit, costs, risks or age distribution, for different scenarios. These outcomes depend on many influences making estimation a difficult task. The choice of a valid statistical model is essential.

StatSciConsult helps the client to find the most appropriate models and highlights implicit assumptions and limitations. Our consultancy involves standardized models like Markov chains as well as models specifically designed for the client.