StatTools
Leverage Data for Forecasting and Decision-Making
Analyze Data using a New Statistics Toolset
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.
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
Industries
Energy & Utilities
Insurance & Reinsurance
Finance & Banking
Manufacturing & Consumer Goods
Construction & Engineering
Aerospace & Defense
Customer Success Stories
Learn how StatTools has helped analysts and executives improve decision making.
Dr. Jack Yurkiewicz
Lubin School of Business, Pace University
My students are delighted with StatTools. They find it easy to learn and easy to use.
Barbara Tawney
Consultant, School of Engineering and Applied Science, University of Virginia
StatTools did what I needed without the time and expense of a heavy-duty stats package. You know you got it right the first time.
Dr. Darren O’Connell
Curtin University of Technology
The seamless integration of StatTools into Excel is a huge advantage,and allows practitioners to learn it as a natural extension of learning Excel. This in turn reduces training and system development costs, because risk departments are not investing in expensive proprietary system solutions.
How StatTools Is Used
StatTools has a multitude of applications, including:
- Demand & Load Forecasting
- Cost Estimation
- Engineering Reliability
- Investment Planning & Portfolio Optimization
- Commodity Price Forecasting
Demand & Load Forecasting
Forecast demand or products or services, or load on machinery or personnel, using advanced statistical methods.
Cost Estimation
Get an accurate, data-based forecast of materials and labor costs throughout the entire project.
Engineering Reliability
Gain insight into confidence levels around the risk of equipment failure or safety violations using statistical quality analyses.
Investment Planning & Portfolio Optimization
Forecast performance of portfolio assets (such as stocks, bonds, real estate, or projects) based on historical data.
Commodity Price Forecasting
Understand future commodities pricing based on historical market data and statistical methods in order to make decisions in oil and gas exploration, construction, and other areas.
Demand & Load Forecasting
Demand & Load Forecasting
Forecast demand or products or services, or load on machinery or personnel, using advanced statistical methods.
Cost Estimation
Cost Estimation
Get an accurate, data-based forecast of materials and labor costs throughout the entire project.
Engineering Reliability
Engineering Reliability
Gain insight into confidence levels around the risk of equipment failure or safety violations using statistical quality analyses.
Investment Planning & Portfolio Optimization
Investment Planning & Portfolio Optimization
Forecast performance of portfolio assets (such as stocks, bonds, real estate, or projects) based on historical data.
Commodity Price Forecasting
Commodity Price Forecasting
Understand future commodities pricing based on historical market data and statistical methods in order to make decisions in oil and gas exploration, construction, and other areas.
Key Features
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
The complete risk and decision analysis toolkit, including @RISK, PrecisionTree, TopRank, NeuralTools, StatTools, Evolver, RISKOptimizer, and ScheduleRiskAnalysis.
Additional Benefits
Subscription
Your software subscription has you fully covered.
- Free upgrades when new software versions are released
- Full access to Technical Support
Support
Technical Support is available to help with installation, operational problems, or errors.
- Included with subscription
- Phone, web, or email
Customizable
Leverage the power of StatTools in your own custom application with Palisade Custom Development.
- Engage Palisade to design your solution
- Standardize your analyses and reduce learning curves
