Stattools Homework Help
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This software provides statistical analysis tools. This is addition to the Microsoft Excel. Excel doesn’t have all the procedures. Hence users can exploit more tools in the statistical and graphical assistance. For a detailed account on the topic, go through Stattools Homework Help. It provides tools for calculating the regression, forecasting and quality control charts along with other analysis methods. The essential features and aspects are enumerated in Stattools Homework Help.
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Features of Stattools
1. Forecasting: A time series variable can be forecasted using stattools. The data can first be deseasonalized using various methods and models and then be reseasonalized after the completion of forecast to get them in the original units. For finding the efficient model for the data, MAE and MAPE are used as summary measures too. Time series plots are also a beneficial feature. For more information, go through Stattools Homework Help.
2. Quality control: This tool helps to create charts to verify a process. The process is checked to be in statistical control. Time series data are put in control charts. One can know whether they lie within the control limits or not. The data is checked for non random behavior too. For more information, refer and study Stattools Homework Help.
3. Non parametric tests: When little data is available, it helps a lot. They do not require generalized assumptions on the distribution. The tests are easier and more effective than the parametric ones. For further details, refer Stattools Homework Help.
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