JMP uses cutting-edge and modern statistical methods to stay dedicated to providing a graph for every statistic and vice versa. What users like best: "This software is easy to use and really helpful in analyzing complex data. Drawing inferences from the data has never been this easy. The '...
Because the columns are relative in size to each region, not to each year. This makes the chart useful for comparing values to other values in the same stacked column. Obviously, the chart is pointless if you have many data points in each group making the chart really hard to read. Build...
In Excel, there are 3 types ofANOVAanalysis available: (i) ANOVA: Single Factor:Single factorANOVAis performed when a single variable is in play. The result of the analysis is to find whether the data model has any significant differences in its means. It has two prominent hypotheses to so...
you might want to find out whether a particular event was caused by another event. The test was created by statisticians James Watson and Geoffrey Durbin in the late 1940s. Although the actual statistic can seem complicated to use, Microsoft Excel can perform the calculation ...
Maximum drawdownis an important trading statistic to track in your backtesting and live trading. In backtesting, it shows you the downside risk of a strategy. Tracking max drawdown in live trading helps you understand when your strategy might not be working as expected or you might be in a ...
How to Create Box and Whisker Plot in Excel with Multiple Series: 2 Easy Methods We have two different methods to create a Box and Whisker Plot with multiple series; a box and whisper plot or a stacked column chart. Method 1 – Using Box and Whisper Plot To make a box and whisker plo...
If you want to follow along with this tutorial, please download the example spreadsheet. Description The ExcelLINESTfunction returns the statistic for a best fit straight line based on the supplied set of x value and y value by using the “least squares” method. The function returns an array...
T-values are a unitless statistic, which makes it challenging to interpret on by itself. Let’s say youperform a t-test, and the t-value it produces is 2. What does this mean? We know for sure that since the t-value isn’t zero, the sample mean isn’t equivalent to the null hyp...
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analysis by Excel 2000.Means:using "the analysis of data"tool which provided by Excel 2000 to complete aualysis o f variance.Result:both One-way analysis of variance and Two-way aualysis of v a riance can be completed.Conclusion:Excel 2000 can be used for simply statistic a ualysis ...