MathSoft has enriched its technical calculation and analytical software line with a new statistical data-mining product, S-PLUS 5.0.
Developed in cooperation with a global investment bank, S-PLUS 5.0 specifically targets complex analysis needs and requirements of the finance industry. According to MathSoft officials, S-PLUS 5.0 accounts for global time-zones, daylight saving and international holidays appli-cable in risk management, derivative products analysis, portfolio optimisation and prediction of returns in a global financial marketplace.
It is powered by the recently enhanced Lucent Technologies' S programming language, that is said to speed up statistical data mining and to present enhanced options of importing data from relational data-bases and applications, including SAS and SPSS.
Bootstrap, jackknife, new regression and covariance estimation, enhanced parametric survival and reliability analysis are amongst other new features of S-PLUS 5.0, officials claim.
While HP, SGI, AIX and DEC copies are expected to hit the market by mid-year, S-PLUS 5.0 for Solaris and Linux are available now from CSIRO, with price determined by the type of buyer - commercial, government or academic.