What is Statistical Analysis with Excel?
Statistics is a proper system of data and information recording, processing, summarizing, interpreting and presenting. While Statistical Analysis is using the different statistical techniques on collected data in order to inference something and to make decision on the basis of findings and testing through statistical process. There are so many tools of Statistical Analysis available for students, teachers, researchers and data analysts in which MS Excel is one the prominent tool which provides the access over different analytical techniques through formulae and statistical analysis tool pack kit. Statistical Analysis with Excel is an easy to use and quickly understandable software as most of the users already know about how to use and process the data in MS Excel. Statistical Analysis with Excel provides so many important analysis techniques to users such as regression and correlation analysis, descriptive analysis, Z and t-test, sampling techniques, measures of association, factor or co-variance analysis etc. Statistical Analysis as a part of business intelligence provides aid in planning, forecasting and decision making about existing system, costing techniques, product and processes management as well as for new product development and their viability for business success. So, command over Statistical Analysis with ease in application through MS Excel is a great and easy way to assess business performance and future planning.