Advanced Statistical Analysis in Excel with StatTools

Leverage your data to perform forecasting and statistical analysis in Microsoft Excel with StatTools. Our advanced tool replaces Excel’s built-in statistics functions with its own to provide you with more robust and accurate functions.

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.

What is StatTools?

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

NeuralTools has a multitude of applications, including:
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.

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.).

Enterprise Licensing
Better Research, Insights, and Outcomes for All

Whether your organization’s focus is qualitative, quantitative, or mixed methods data analysis, we can help your whole team work better together — collaborating to aggregate, organize, analyze, and present your findings. Lumivero’s enterprise licensing options offer volume pricing for teams and organizations needing nine (9) or more licenses.

Enterprise licenses allow the flexibility to install Lumivero software and solutions on multiple computers (up to the maximum number of licenses that your site has purchased) with a centralized management solution.

Lumivero’s team-based solutions allow you to:

Stay up-to-date with free upgrades to the latest releases
Reduce IT costs with one platform deployed across your organization
Reassign licenses to different users as teams evolve
Centralize license and subscription management in one place
Streamline budget allocation, especially for smaller groups and consultancy firms
Enjoy a Dedicated Customer Success Manager and pro-rated rates for new users

Included with The DecisionTools Suite

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

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