Boost Your Data Expertise -  What's New in Minitab 19.2020.1
© 2020 Minitab, LLC.
2
Minitab Statistical Software
delivers business and predictive
analytics, paired with essential
visualizations to enable data-
driven value creating decision
making.
Everyone in an organization,
regardless of statistical
background, is empowered when
they have access to easy to use
analysis tools.
© 2020 Minitab, LLC.
Predictive Analytics
3
encompasses a variety
of statistical techniques from data
mining, predictive modelling
and machine learning, that analyze current
and historical facts to
make predictions about future or otherwise
unknown events
© 2020 Minitab, LLC.
Regression Challenges
Regression and Logistic Regression often don’t work well with larger
observational data sets.
► Everything is significant.
► Regression assumptions not met.
► Relationships are nonlinear.
► Extreme outliers.
► Many missing values.
4
© 2020 Minitab, LLC.
5
The latest release of Minitab
Statistical Software expands upon
our Predictive Analytics offerings
✓ Classification and Regression Trees
✓ Model Validation
✓ Python Integration
© 2020 Minitab, LLC.
Minitab Machine Learning Methods
6
Supervised learning in Minitab
Classification Algorithms
• Linear Discriminant Analysis (LDA)
• Quadratic Discriminant Analysis (QDA)
• Logistic Regression
• CART Classification Tree
Regression Algorithms
▪ Simple Regression
▪ Polynomial Regression
▪ Multiple Regression
▪ Nonlinear Regression
▪ Partial Least Squares
▪ CART Regression Trees
Unsupervised Learning in
Minitab
Clustering Algorithms
▪ Cluster Observations
▪ Cluster Variables
▪ Cluster K-Means
Data Reduction
Algorithms
▪ Principal Components
Analysis
▪ Factor Analysis
© 2020 Minitab, LLC.
New Menu!! Classification and Regression Trees
7
© 2020 Minitab, LLC.
CART (Classification and Regression Trees)​
► Tree-based machine learning​
► Builds classification and regression models in the
form of a tree structure
► Available for continuous, binary or multinomial
targets​
► Ideal for large observational datasets​
► Offers automatic variable selection​
► Output is easy to interpret
8
© 2020 Minitab, LLC.
Decision Trees
► Two types:
▪ Classification Trees: the
response is Binary or Multinomial
▪ Regression Trees: the response
is Continuous
► Constructed using recursive
partitioning
9
© 2020 Minitab, LLC.
Terminology
► Root Node: The whole training
set. This is the start point of the
decision tree.
10
© 2020 Minitab, LLC.
Terminology
► Splitter: the decision rule
that defines how the node is
partitioned
11
Splitter
© 2020 Minitab, LLC.
Terminology
► Decision Node: Nodes that
split into sub-nodes.
12
Decision Node
© 2020 Minitab, LLC.
Terminology
► Terminal Node: Nodes
that do not split. Also
called a Leaf.
13
© 2020 Minitab, LLC.
Classification Tree Example: What’s contributing to out of spec product?
An engineer would like to understand what factors and settings contribute to product that
meets specification.
© 2020 Minitab, LLC.
Response: Target
© 2020 Minitab, LLC.
Results
16
© 2020 Minitab, LLC.
Assess Model Accuracy
17
© 2020 Minitab, LLC.
Relative Variable Importance
18
© 2020 Minitab, LLC.
Receiver Operator Characteristic (ROC) Curve
► ROC evaluates event separation
when observations are ordered
based on the predicted
probabilities.
19
© 2020 Minitab, LLC.
Flexibility to Easily Fit Alternative Trees
20
© 2020 Minitab, LLC.
Regression Trees: Decision Trees with a Continuous Response
An analyst would like to understand the drivers of a high Net Promoter Score, which is a
measure of customer loyalty.
NPS: On a scale of 0 to 10, how likely is it that you would recommend our organization to a
friend or colleague?
© 2020 Minitab, LLC.
22
© 2020 Minitab, LLC.
23
© 2020 Minitab, LLC.
Is it better to use Linear models or Tree-Based models?
► If the relationship between your x’s and y variables is well approximated by a linear model,
linear regression will outperform the tree-based model.
► If there is high non-linearity between your x and y variables, a tree model will outperform a
classical regression model.
► If your goal is to build a model that is easy to explain, a decision tree model will almost always
be a better choice.
24
© 2019 Minitab, Inc.
MODEL VALIDATION
Ensuring your models fit well
25
© 2020 Minitab, LLC.
Validation
Data is usually split into a training set and a test set:
► Training (or learn) data is used to create the model and
estimate the model coefficients.
► Test data is used to assess model performance. It is used to
produce fitted values, which are then compared to the
corresponding observed responses in the test data to assess the
model’s predictive ability.
26
© 2020 Minitab, LLC.
Validation: Reinforcing Predictions
► Assessing the “goodness” of a model with the same data that is used to fit the model leads to
overfitting and overfit models do not predict well.
► Validation is an honest assessment of how well the model will fit the new data.
27
© 2020 Minitab, LLC.
Validation is easy to incorporate into your predictive analytics
28
© 2020 Minitab, LLC.
Open-Source Integration
29
▪ Python integration
▪ Allow people to execute external Python scripts that use optional Minitab variables
(columns, constants, matrices) as inputs.
▪ Results are returned to Minitab and displayed in the Output Navigator and Output Pane.
© 2020 Minitab, LLC.
Benefit: Enables Minitab to part of an organization’s analytics
community
► Python scripts run outside of Minitab
► The data can be in an external file or in the Minitab worksheet– this offers flexibility depending
on the type of data
▪ Python scripts can also use matrices or constants that are part of the worksheet
► Python connectivity will help easily extend the functionality within the software beyond what’s
possible in the interface or with a macro
30
© 2020 Minitab, LLC.
Example
© 2020 Minitab, LLC.
Multi-Vari Chart
32
© 2020 Minitab, LLC.
Variability Chart
33
© 2020 Minitab, LLC.
Performance Improvements!
► Insert Rows
► Merge
► Move Columns
► Opening Large Excel files
► Tables
► Worksheet Stacking
► Boxplots with large amounts of data
► Graphical Summary with large amounts of data
34
© 2020 Minitab, LLC.
User Interface Improvements
► Add maximize button to Graph Editing Window
35
© 2020 Minitab, LLC.
Solutions Analytics
Solutions Analytics is our integrated approach to providing software and
services that enable organizations to make better decisions that drive
business excellence
© 2020 Minitab, LLC.
.2020.1
► New Predictive Analytics Menu: Classification and Regression Trees
► Cross Validation for Regression and Binary Logistic Regression (BLR- Validation with a Test
set only)
► Multi-Vari chart and Variability Chart
► User Interface improvements
► Performance Improvements
► Python Integration
► Send to Minitab Workspace
► Additional Tools menu provides easy access to Quality Trainer and Minitab Workspace
37
© 2020 Minitab, LLC.
38
© 2020 Minitab, LLC.
Our Approach: More Than Business Analytics…Solutions Analytics
Software
Services
Training
Learn first-hand by attending public or
customized trainings in your facilities
according to your requirements.
Statistical
Consulting
Personalized help with statistical
challenges from collecting the right data
to interpreting analysis more.
Support
Assistance with installation,
implementation, version updates and
license management.
Master statistics and
Minitab anywhere
with online training
Machine learning and
predictive analytics
software
Start, track, manage
and execute
improvement projects
with real-time
dashboards
Powerful statistical
software everyone
can use.
Data Analysis Predictive Modeling Visual Business Tools Project Oversight
3
9
Visual tools to
process and product
excellence.
Online Training
Solutions analytics is our integrated approach to providing software and services that enable organizations to make better decisions that drive business excellence.

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Boost Your Data Expertise - What's New in Minitab 19.2020.1

  • 2. © 2020 Minitab, LLC. 2 Minitab Statistical Software delivers business and predictive analytics, paired with essential visualizations to enable data- driven value creating decision making. Everyone in an organization, regardless of statistical background, is empowered when they have access to easy to use analysis tools.
  • 3. © 2020 Minitab, LLC. Predictive Analytics 3 encompasses a variety of statistical techniques from data mining, predictive modelling and machine learning, that analyze current and historical facts to make predictions about future or otherwise unknown events
  • 4. © 2020 Minitab, LLC. Regression Challenges Regression and Logistic Regression often don’t work well with larger observational data sets. ► Everything is significant. ► Regression assumptions not met. ► Relationships are nonlinear. ► Extreme outliers. ► Many missing values. 4
  • 5. © 2020 Minitab, LLC. 5 The latest release of Minitab Statistical Software expands upon our Predictive Analytics offerings ✓ Classification and Regression Trees ✓ Model Validation ✓ Python Integration
  • 6. © 2020 Minitab, LLC. Minitab Machine Learning Methods 6 Supervised learning in Minitab Classification Algorithms • Linear Discriminant Analysis (LDA) • Quadratic Discriminant Analysis (QDA) • Logistic Regression • CART Classification Tree Regression Algorithms ▪ Simple Regression ▪ Polynomial Regression ▪ Multiple Regression ▪ Nonlinear Regression ▪ Partial Least Squares ▪ CART Regression Trees Unsupervised Learning in Minitab Clustering Algorithms ▪ Cluster Observations ▪ Cluster Variables ▪ Cluster K-Means Data Reduction Algorithms ▪ Principal Components Analysis ▪ Factor Analysis
  • 7. © 2020 Minitab, LLC. New Menu!! Classification and Regression Trees 7
  • 8. © 2020 Minitab, LLC. CART (Classification and Regression Trees)​ ► Tree-based machine learning​ ► Builds classification and regression models in the form of a tree structure ► Available for continuous, binary or multinomial targets​ ► Ideal for large observational datasets​ ► Offers automatic variable selection​ ► Output is easy to interpret 8
  • 9. © 2020 Minitab, LLC. Decision Trees ► Two types: ▪ Classification Trees: the response is Binary or Multinomial ▪ Regression Trees: the response is Continuous ► Constructed using recursive partitioning 9
  • 10. © 2020 Minitab, LLC. Terminology ► Root Node: The whole training set. This is the start point of the decision tree. 10
  • 11. © 2020 Minitab, LLC. Terminology ► Splitter: the decision rule that defines how the node is partitioned 11 Splitter
  • 12. © 2020 Minitab, LLC. Terminology ► Decision Node: Nodes that split into sub-nodes. 12 Decision Node
  • 13. © 2020 Minitab, LLC. Terminology ► Terminal Node: Nodes that do not split. Also called a Leaf. 13
  • 14. © 2020 Minitab, LLC. Classification Tree Example: What’s contributing to out of spec product? An engineer would like to understand what factors and settings contribute to product that meets specification.
  • 15. © 2020 Minitab, LLC. Response: Target
  • 16. © 2020 Minitab, LLC. Results 16
  • 17. © 2020 Minitab, LLC. Assess Model Accuracy 17
  • 18. © 2020 Minitab, LLC. Relative Variable Importance 18
  • 19. © 2020 Minitab, LLC. Receiver Operator Characteristic (ROC) Curve ► ROC evaluates event separation when observations are ordered based on the predicted probabilities. 19
  • 20. © 2020 Minitab, LLC. Flexibility to Easily Fit Alternative Trees 20
  • 21. © 2020 Minitab, LLC. Regression Trees: Decision Trees with a Continuous Response An analyst would like to understand the drivers of a high Net Promoter Score, which is a measure of customer loyalty. NPS: On a scale of 0 to 10, how likely is it that you would recommend our organization to a friend or colleague?
  • 22. © 2020 Minitab, LLC. 22
  • 23. © 2020 Minitab, LLC. 23
  • 24. © 2020 Minitab, LLC. Is it better to use Linear models or Tree-Based models? ► If the relationship between your x’s and y variables is well approximated by a linear model, linear regression will outperform the tree-based model. ► If there is high non-linearity between your x and y variables, a tree model will outperform a classical regression model. ► If your goal is to build a model that is easy to explain, a decision tree model will almost always be a better choice. 24
  • 25. © 2019 Minitab, Inc. MODEL VALIDATION Ensuring your models fit well 25
  • 26. © 2020 Minitab, LLC. Validation Data is usually split into a training set and a test set: ► Training (or learn) data is used to create the model and estimate the model coefficients. ► Test data is used to assess model performance. It is used to produce fitted values, which are then compared to the corresponding observed responses in the test data to assess the model’s predictive ability. 26
  • 27. © 2020 Minitab, LLC. Validation: Reinforcing Predictions ► Assessing the “goodness” of a model with the same data that is used to fit the model leads to overfitting and overfit models do not predict well. ► Validation is an honest assessment of how well the model will fit the new data. 27
  • 28. © 2020 Minitab, LLC. Validation is easy to incorporate into your predictive analytics 28
  • 29. © 2020 Minitab, LLC. Open-Source Integration 29 ▪ Python integration ▪ Allow people to execute external Python scripts that use optional Minitab variables (columns, constants, matrices) as inputs. ▪ Results are returned to Minitab and displayed in the Output Navigator and Output Pane.
  • 30. © 2020 Minitab, LLC. Benefit: Enables Minitab to part of an organization’s analytics community ► Python scripts run outside of Minitab ► The data can be in an external file or in the Minitab worksheet– this offers flexibility depending on the type of data ▪ Python scripts can also use matrices or constants that are part of the worksheet ► Python connectivity will help easily extend the functionality within the software beyond what’s possible in the interface or with a macro 30
  • 31. © 2020 Minitab, LLC. Example
  • 32. © 2020 Minitab, LLC. Multi-Vari Chart 32
  • 33. © 2020 Minitab, LLC. Variability Chart 33
  • 34. © 2020 Minitab, LLC. Performance Improvements! ► Insert Rows ► Merge ► Move Columns ► Opening Large Excel files ► Tables ► Worksheet Stacking ► Boxplots with large amounts of data ► Graphical Summary with large amounts of data 34
  • 35. © 2020 Minitab, LLC. User Interface Improvements ► Add maximize button to Graph Editing Window 35
  • 36. © 2020 Minitab, LLC. Solutions Analytics Solutions Analytics is our integrated approach to providing software and services that enable organizations to make better decisions that drive business excellence
  • 37. © 2020 Minitab, LLC. .2020.1 ► New Predictive Analytics Menu: Classification and Regression Trees ► Cross Validation for Regression and Binary Logistic Regression (BLR- Validation with a Test set only) ► Multi-Vari chart and Variability Chart ► User Interface improvements ► Performance Improvements ► Python Integration ► Send to Minitab Workspace ► Additional Tools menu provides easy access to Quality Trainer and Minitab Workspace 37
  • 38. © 2020 Minitab, LLC. 38
  • 39. © 2020 Minitab, LLC. Our Approach: More Than Business Analytics…Solutions Analytics Software Services Training Learn first-hand by attending public or customized trainings in your facilities according to your requirements. Statistical Consulting Personalized help with statistical challenges from collecting the right data to interpreting analysis more. Support Assistance with installation, implementation, version updates and license management. Master statistics and Minitab anywhere with online training Machine learning and predictive analytics software Start, track, manage and execute improvement projects with real-time dashboards Powerful statistical software everyone can use. Data Analysis Predictive Modeling Visual Business Tools Project Oversight 3 9 Visual tools to process and product excellence. Online Training Solutions analytics is our integrated approach to providing software and services that enable organizations to make better decisions that drive business excellence.