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Is Microsoft Excel an Adequate Statistics Package?

practicalstats.com

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Re: Is Microsoft Excel an Adequate Statistics Package?

#2
The other reason to not use Excel for stats? It's virtually impossible to reproduce your work unless you documented every step in some other format. Excel is easily one of the worst tools you can use if you ever need to refer back to/redo your original work at any point in the future or if you need to be able to validate your result with any confidence. Yea I know there are some people who are freaking magicians with VBA who can "fix" many of the problems listed, but that doesn't absolve excel of its statistical sins.

Re: Is Microsoft Excel an Adequate Statistics Package?

#4
post #2

The other reason to not use Excel for stats? It's virtually impossible to reproduce your work unless you documented every step in some other format. Excel is easily one of the worst tools you can use if you ever need to refer back to/redo your original work at any point in the future or if you need to be able to validate your result with any confidence. Yea I know there are some people who are freaking magicians with…

I think that's where R stats package (R Project) really shines, I love the command line console that displays every input / action so you have a track record of what you did. Used it for T-tests, linear regression, ANOVA, MANOVA. For those working in biological / environmental science fields, I would definitely recommend it.

Re: Is Microsoft Excel an Adequate Statistics Package?

#9
post #2

The other reason to not use Excel for stats? It's virtually impossible to reproduce your work unless you documented every step in some other format. Excel is easily one of the worst tools you can use if you ever need to refer back to/redo your original work at any point in the future or if you need to be able to validate your result with any confidence. Yea I know there are some people who are freaking magicians with…

I think that's where R stats package (R Project) really shines, I love the command line console that displays every input / action so you have a track record of what you did. Used it for T-tests, linear regression, ANOVA, MANOVA. For those working in biological / environmental science fields, I would definitely recommend it.

There is a free R course on Codeschool if anyone wants to try it for an hour or two. It's fun.

https://www.codeschool.com/courses/try-r

Re: Is Microsoft Excel an Adequate Statistics Package?

#10
I disagree. Where I work, we have one person that does all the hedging, price calculations and other financial modeling and he only uses Excel. The only practical downsides to his use of Excel it's that he doesn't have direct database access so we generally need to create the initial reports to give him the data and secondly Excel can only hold a little over 2M rows.
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