NEWS4 February 2013
UK — Analytics consultancy Logit Research has acquired a 45% stake in Big Data Investors – an entity set up with Boston-based partner Statistical Innovations (SI) to contain and manage the development of CORExpress software for Correlated Component Regression (CCR) analysis and other spin-off products.
Logit became SI’s approved UK partner for CCR analysis in March 2012.
SI’s founder Jay Magidson originally developed the CCR approach to deal with difficulties from noisy data caused by high dimensional datasets.
According to Logit, both he and Gary Bennett (pictured), Logit’s founder, later discovered that “CCR also delivers more reliable predictions in conventional applications”.
Logit’s clients include Populus, Hall & Partners, Britain Thinks, Cello Group and Double Helix Development.
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