AUG 24, 2010 11:53am ET

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Excel for Statistical Analysis?

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I belong to several LinkedIn BI professional groups, the most notable of which is Advanced Business Analytics, Data Mining and Predictive Modeling, capably run by Vincent Granville. The ABADMPM discussion that I've been following most closely of late is Which data mining/analytic tools have you used in the past 12 months for a real project? And, I must admit, I've been pretty surprised by the direct responses to that question and also by the results of polls of the same inquiry commissioned by AnalyticBridge, The Social Network for Analytics Professionals, and KDNuggets, The Data Mining Community's Top Resource.

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Comments (1)
Hmmm you are well aware that the article by Jonathan Cryer you build your main case on was written in August 2001? Time has been very good to Excel and a lot has happened to it, 9 years is a considerable time frame. But dont take my word for the improvements in statistical use, look here what Microsoft has done in that specific area: http://blogs.msdn.com/b/excel/archive/2009/09/10/function-improvements-in-excel-2010.aspx Then we turn to the graph experiences, true enough about the older versions that the visualizations looked like something from the past, but this is an area too that has been vastly improved. Try out Excel 2010 here and see for yourself: http://office.microsoft.com/en-us/ The precision errors mentioned by Cryer are also relics from the past and has been corrected long ago. This is addressed in the MSDN blog mentioned earlier. But hey dont take my or Microsofts word for it, ask the many Excel analysts why they use Excel, maybe this would give you a less biased view of things.
Posted by Thomas Skytte D | Thursday, September 02 2010 at 12:29PM ET
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