Minitab Acquires Data Mining Veteran Salford Systems

Minitab, one of the early pioneers in statistical analytics software, has acquired another mature firm: predictive modeling software vendor Salford Systems. Salford’s specialty is tree-based methods including CART® Decision Trees, Random Forests®, TreeNet® Gradient Boosting, and MARS® nonlinear regression. Salford guides analysts through the model building process but gives them final control over most decisions.