Monte Carlo simulation using RapidMiner

sunnyalsunnyal Member Posts: 44 Contributor II
edited November 2018 in Help
Does rapidminer have a roadmap to include Monte Carlo simulation anytime soon? I wanted to detect (preventive maintenance) and plot an asset degradation curve. How can one achieve using rapidminer?
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Answers

  • Thomas_OttThomas_Ott RapidMiner Certified Analyst, RapidMiner Certified Expert, Member Posts: 1,761 Unicorn

    We don't have Monte Carlo support at this time and it's been bandied about internally, but nothing on the roadmap. 

     

    I would use a python or R library and wrap that into RapidMiner using one of the scripting operator. 

  • IngoRMIngoRM Administrator, Moderator, Employee, RapidMiner Certified Analyst, RapidMiner Certified Expert, Community Manager, RMResearcher, Member, University Professor Posts: 1,751 RM Founder

    Hi,

     

    One of our community members has created a Monte Carlo simulation in RapidMiner using only standard building blocks.  He blogged about this here: https://datascientist.at/2016/04/simulation-mit-rapidminer/

     

    (scroll down for an English version)

     

    Hope this helps,

    Ingo

    Thomas_Ott
  • Thomas_OttThomas_Ott RapidMiner Certified Analyst, RapidMiner Certified Expert, Member Posts: 1,761 Unicorn

    HA! I didn't remember Balazs's MC post. 

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