StatTools is one of the major statistical analysis tools that help in deriving accurate result from different statistical analyses like forecasting, regression, quality control charts, etc. Along with these statistical procedures StatTools addresses the accuracy of Excel’s statistical output also. By its extended analytical abilities StatTools offers a potential and comprehensive statistics toolset to Excel.
StatTools encompasses the most frequently used statistical trials, and offers unparalleled capabilities for adding fresh custom analyses. StatTools substitutes Excel’s integral statistics functions with its individual calculations. All StatTools functions are factual Excel functions, and perform precisely as native Excel functions. Over 30 wide-ranging statistical processes plus 9 integral data utilities consist of forecasts, descriptive statistics, time series, group comparisons, normality tests, correlation, regression analysis, nonparametric tests, quality control, and more.
StatTools now comprises a matrix that lets its users in viewing multiple scatter plots amongst variables within a single report. This amalgamates data and saves a lot time. Users can also select categorical variables to color data points, recognizing the category the points belongs to. Also, Spearman rank-order correlations have been included to the StatTools correlation and covariance method. This makes it stress-free to govern the Spearman rank-order (non-linear) correlations from user data in StatTools for use in @RISK or other simulation.
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