I am trying to work out if there is anyway that I can calculate the equation of a straight line within an Omniscope datamanager, as I need to calculate the difference between certain points along the line and the line itself. I know I can attempt to find the equation by using the graph function but I have 10 different properties across 25ish demographic groups which means I would need to find 250 equations per time I have to do this process.
I have a way of doing it in excel and am trying to copy the formulae across but this process required the functions OFFSET, INTERCEPT, SLOPE and STEYX to do so. I am unable to find these in Omniscope but are there different ones that can be used or have they been renamed?
The reason I wish to do this in Omniscope is because the result is key to the dashboard and I would like to automate the process so I do not have to do it manually everytime I get a new set of data (at least 10 more times this year alone).
For linear regression and for other statistical operations in Omniscope 2.7 we recently added integration with very powerful statistical package R-statistics.
To see how it works in Omniscope 2.7 go to http://www.visokio.com/video-tutorials and find following videos: 1) R-statistics operation; 2) R-statistics data.
You can find the installation of R-statistics at http://www.r-project.org . After installation you'll be able to use it in DataManager in "Operations->R statistics operation" block. It is also advisable to update to the latest 2.7 build.