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Statistical tools enable the collection, organization, and interpretation of numerical data, especially the analysis of population characteristics by inference from sampling. The tools in this category will enable you to do just that as well as other things, for example:
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Palisade PrecisionTree allows you to visually map out, organize, and analyze decisions using decision trees, right in Microsoft Excel. Decision trees are quantitative diagrams with nodes and branches representing different possible decision paths and chance events. This helps you identify and calculate the value of all possible alternatives, so you can choose the best option with confidence.
Real Options SLS is a standalone software and spreadsheet accessible add-in for analyzing and valuing real options, financial options, exotic options and employee stock options and incorporating them into custom spreadsheet models.
Building on the industry-standard spreadsheet, Analyse-it integrates into Microsoft Excel to provide you with a wide-range of statistics and charts for visualizing, describing and testing hypotheses. Network licensing lets your entire team benefit
StatTools covers the most commonly used statistical procedures, and offers unprecedented capabilities for adding new, custom analyses. StatTools replaces Excel’s built-in statistics functions with its own calculations. The accuracy of Excel’s built-in statistics calculations has often been questioned, so StatTools doesn’t use them. All StatTools functions are true Excel functions, and behave exactly as native Excel functions do. Over 30 wide-ranging statistical procedures plus 9 built-in data utilities include forecasts, time series, descriptive statistics, normality tests, group comparisons, correlation, regression analysis, quality control, nonparametric tests, and more.
Analyze your data and improve your products and services with the leading statistical software used to implement Six Sigma worldwide.
NeuralTools is used to make credit lending decisions by predicting the likelihood a new borrower will pay back a loan. It’s used for reducing transactional risk by identifying bank or credit card transactions likely to be fraudulent. Call centers use it for staffing strategies by predicting call volumes. Medical professionals use NeuralTools to diagnose unknown tumors and other ailments. The list is endless!
Build your own risk analysis package with Risk Simulator 2012- Your Edition. Risk simulator is a complete simulation tool for Excel that enables you to add the features you need and want. Check out the modules below.
Risk Simulator is the most complete simulation and stats package for MS Excel. It includes all 6 modules (Simulation, Forecasting, Optimization, Analytical Tools and BizStats) This is a must try add-in for those who need that extra depth and function