What’s New in StatTools
Included in the DecisionTools Suite or by itself, StatTools is advanced statistical software for Excel. Featuring a streamlined interface, expanded data capacity, and closer integration with other DecisionTools software, StatTools raises the bar for statistical analysis.
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1. Application Settings
The StatTools Application Settings dialog contains customizable defaults such as report settings, data set defaults, updating, and analysis settings. This is located on the Utilities menu.
2. Settings Policy File
StatTools lets you save and export application settings defaults for use by other StatTools users. This allows you to enforce uniform settings for a group of users, ensuring consistent analysis parameters.
3. Expanded Data Sets
StatTools 5 is fully compatible with Excel 2007, allowing up to 16,384 variables per data set. This lets you perform more robust analyses. For example, the more historical data you have for time-series forecasting, the more accurate your forecasts are likely to be.
4. Compatible with @RISK
StatTools may now be combined with @RISK for more in-depth analysis. For example, you may wish to determine a confidence interval on your @RISK simulation results.