Beyond Basic Statistics in Excel

Advanced Statistical Analysis and Forecasting

Trusted Windows (PC) download DecisionTools Suite 7.6.35. Virus-free and 100% clean download. Get DecisionTools Suite alternative downloads. PrecisionTree performs decision analysis in Microsoft Excel using decision trees and influence diagrams. Decision trees let you visually map out complex decisions in a sequential, organized manner. This helps you identify all possible alternatives and choose the best option. More About PrecisionTree. DecisionTools Suite 8 Industrial Trial Version. The complete risk and decision analysis toolkit for Microsoft Excel. Includes a full complement of analytical software tools working together to help you make better decisions.

Part of the DecisionTools Suite

My students are delighted with StatTools. They find it easy to learn and easy to use.

StatTools does the time series autocorrelation in a user-friendly way that is quick and easy. You know you got it right the first time…StatTools did what I needed without the time and expense of a heavy-duty stats package.

A New Statistics and Forecasting Toolset for your Spreadsheet

StatTools covers commonly used statistical procedures, and offers the capability to add new, custom analyses to Microsoft Excel. 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.

We wanted a statistical analysis package that worked in Excel. StatTools fits the bill and provides robust and accurate analysis.

Overview

First, define your data in StatTools. Then, perform any of over 30 different types of analysis on your data set, depending on your situation. StatTools provides a comprehensive and intuitive data set and variable manager right in Excel. Data sets and variables can reside in different workbooks, allowing you to organize your data as you see fit. Run statistical analyses that refer to your variables, instead of re-selecting your data over and over again in Excel. Plus, you can define variables that span multiple worksheets. Once your data sets have been defined, choose a procedure from the StatTools menu or write your own, custom procedure.

• Works with Microsoft Excel
• Statistics calculations update automatically between dataset and reports
• View multiple scatter plots between variables in a single report
• A comprehensive and intuitive data set and variable manager
• Goes beyond the basics provided by Excel

How StatTools Is Used

StatTools enables endless applications, including:

• Sales forecasting
• Portfolio management
• New product analysis
• Polling and strategic planning
• Draft picks and odds setting

Customer Success Stories

Learn how StatTools has helped decision makers make informed predictions.

Product Resources

Explore examples and tutorials on how to make StatTools work best for you.

• Watch Video
• Watch Video
• Inside the DecisionTools Suite - NeuralTools & StatTools

  Watch Webinar
• Why be Normal? Selecting the Best Distribution Models

  Watch Webinar

Features To Meet Your Needs

New statistics in Excel

StatTools replaces questionable Excel functions and performs wide range of analyses.

Custom Statistical Procedures

Build your own procedures in Excel, plus full customization of all StatTools reports.

Live Updating When Input Data Changes

With StatTools, your statistical reports and charts always reflect latest data

Intelligent Data Management

StatTools allows for quick definition of data sets and management of multiple data sets.

Capacity For Large Data Sets

StatTools Industrial has no limits on amount of data to analyze. (The Professional edition provides 10,000 data points per variable.).

Included with The DecisionTools Suite

Included with The DecisionTools Suite

The DecisionTools Suite

The complete risk and decision analysis toolkit, including @RISK, PrecisionTree, TopRank, NeuralTools, StatTools, Evolver, RISKOptimizer.

Additional Benefits

Subscription

Your software subscription has you fully covered.

• Free upgrades when new software versions are released
• Full access to Technical Support

Support

Palisade Tools For Excel

Technical Supportis available to help with installation, operational problems, or errors.

• Included with subscription
• Phone, web, or email

Customizable

Leverage the power ofStatToolsin your own custom application with Palisade Custom Development.

Next Steps

Maintenance

Palisade maintenance plans are designed to cover you when new software versions are released, or if you require help operating the software or resolving errors. Software updates are often released to keep current with changes in Windows, or in Excel or other host applications. Updates may also include bug fixes or minor product enhancements. Major version upgrades are released when new significant new features and/or interface changes are made to the software. Major version upgrades may also include updates to host application compatibility. Technical support is also included with Palisade maintenance. Whether through self-support using our Knowledgebase, via e-mail, or on the phone, Palisade is here to help with installation, operational problems, or error messages.

Benefits of Palisade Maintenance Plans

Free technical support via hotline or email. Technical Support hours are Monday – Friday, 4:00am – 5:00pm (New York time zone). Technical support is available for software installation, resolving software errors, assisting with software operation, and limited model de-bugging. Technical support is not designed for building spreadsheet models from scratch, extensive model de-bugging, or software training. These services may be obtained from our Training and Consulting department.

• Free full version upgrades.
• Unlimited number of incidents for 12 months.
• Unlimited, 24-hour access to Palisade’s online technical support KnowledgeBase—the same source used by Palisade technical support staff. A quick check of the KnowledgeBase often solves the problem in just a few minutes.
• Guaranteed 24 hour or next business day technical support response time.
• Free software maintenance updates & patches, including bug fixes & Windows/Office compatibility updates.
• Access to the Palisade online HelpDesk 24 hours per day, so you can submit new incidents and check the status of open problems.

Easy to Order

A full year of maintenance is included when you purchase your software. Shortly before your maintenance plan expires, renewal notices are sent via e-mail. If you choose not to renew your maintenance plan, none of the above benefits will be available to you. Lapsed maintenance plans may only be renewed at higher prices and with reinstatement fees.

To order or renew your maintenance plan, contact:

Palisade's DecisionTools Suite—the complete risk and decision analysis package for Excel—has been adopted by top MBA schools around the country. Four leading management science textbooks from Duxbury Press—Practical Management Science, Making Hard Decisions with DecisionTools, and Data Analysis & Decision Making— incorporate extensive examples, case studies, and exercises using the tools in the DecisionTools Suite.

As a result, the DecisionTools Suite is currently being taught at such prominent institutions as the University of Pennsylvania, Cornell University, Northwestern University, Yale University, Columbia University, the University of Michigan, the Massachusetts Institute of Technology, and dozens of others.

With greater business and industrial reliance on quantitative methods to assess risk and analyze decision processes, most students in business courses are expected to master these techniques. About 40,000 MBA students currently use the DecisionTools Suite in conjunction with the Duxbury Press textbooks. Widespread adoption of the Suite is expected to accelerate the growing trends toward using techniques like Monte Carlo simulation and decision trees throughout corporate America.

According to Curt Hinrichs, Publisher of management science and applied statistics texts at Duxbury Press, 'The DecisionTools Suite adds a level of functionality and learning that take the concepts presented in the books to a new level. Several of these books have been tried and true references in graduate business curricula for years. By giving today's students the opportunity to work through real-life examples using the analytical techniques DecisionTools offers, we have opened up a whole new level of risk and decision analysis that will make the next generation of business leaders more savvy than ever before.'

The DecisionTools Suite Includes

Risk Analysis using Monte Carlo simulation: @RISK. Monte Carlo simulation is the most widely used computational technique to simulate processes in which there is uncertainty—in other words in almost any everyday decision. When it comes to Monte Carlo simulation software, @RISK has become the gold standard for its flexibility of application and capacity to handle complex inputs and large data sets. Includes built-in distribution fitting tools.

Decision Analysis with Decision Trees and Influence Diagrams: PrecisionTree^®. PrecisionTree creates influence diagrams and decision trees in existing spreadsheets. Influence diagrams are used to see the relationships among components of a problem, and decision trees make use of this information to model a sequence of events. PrecisionTree generates a full statistical report and risk profile graphs and includes Sensitivity Analysis and other features.

Automated 'What If' Sensitivity Analysis: TopRank^®. For any spreadsheet TopRank automatically determines which cells affect simulation results the most and ranks them in order of importance. Results can be displayed as Tornado graphs and in a full statistical report. Advanced features include a What-if Wizard, Multi-Way What-if Analysis, and support for data tables.

Predictive Analysis using Intelligent Neural Networks: NeuralTools^®. NeuralTools performs predictions in Microsoft Excel using sophisticated neural networks. NeuralTools imitates brain functions to “learn” patterns in your known data, and uses those patterns to make predictions from new, incomplete data. In addition, NeuralTools can automatically update predictions live when input data changes, saving time and enabling more robust analyses.

Time-Series Forecasting and Advanced Statistical Analysis: StatTools^®. StatTools performs time-series forecasting and statistical analysis in Microsoft Excel. It actually replaces Excel’s built-in statistics functions with its own, more robust and accurate functions. StatTools covers the most common statistical analyses, and even allows you to build you own custom statistical procedures for inclusion on the StatTools menu.

Genetic Algorithm-based Optimization: Evolver™. Evolver performs genetic algorithm-based optimization in Microsoft Excel. It is especially well-suited to finding the best overall global solution to nonlinear, complex problems where other solvers fail. Evolver’s genetic algorithms constantly try new, different solutions to arrive at the best answer possible.

Optimization under Uncertainty: RISKOptimizer^®. RISKOptimizer combines optimization with Monte Carlo simulation to solve optimization problems under uncertainty. Take any optimization problem and replace uncertain values with @RISK functions that represent ranges of possible values. RISKOptimizer will try different combinations of adjustable cells to achieve the goal you define, while running Monte Carlo simulations on each trial solution to account for inherent uncertainty. The result is the most robust, accurate solution possible.

Palisade Decision Tools

Other colleges and universities using the DecisionTools Suite include:

»The DecisionTools Suite