Statistical Analysis Software, also known as the statistical analysis program, is a tool that explains the science of collecting the data, investigating, and then presenting large quantities of data in order to uncover the current trends and patterns.
Statistical analysis is a form of quantitative data science. It basically deals with mathematical theories of probability with the collection, classification, analysis, and interpretation of numerical facts or data.
Data scientists, analysts, and researchers can employ statistical analysis for:
- Review the latest data and the information uncovered through the datasets.
- Find out the connections among data elements
- Find the underlying patterns and trends in the data
- Generate and demonstrate or disprove the credibility of probabilistic models
- The algorithm is used to forecast the data insight.
Table of Contents
Top 7 Top Statistical Analysis Software
The list below will assist you in determining the most suitable software for your requirements in terms of statistical analysis, and you’re certain to find the perfect solution for your company here.
Below we’ve listed a few of the most popular statistical analysis software for statistical analysis that are on the market in 2022.
SPSS (IBM)
The Statistical Program for the Social Sciences (SPSS) is among the most well-known software applications for solving specific business problems for industries.
SPSS aids users by making it easy to create descriptive statistics that are parametric as well as non-parametric analysis.
In addition, it provides advanced statistical techniques and visualization that can provide an easy-to-understand and user-friendly platform for solving your complex data, business, and research issues.
Furthermore, it offers users the ability to write scripts that automate analysis or to perform more complex statistical processes efficiently, such as;
- Addressing the minor mistakes in the process of analysis that results from the data preparation and report.
- Creates user interfaces that can be customized for various skill levels and functional responsibilities.
- Gives users graphs-ready information for presentations.
- Deployment – Cloud, SaaS, Web-Based
- Platform – Windows, Mac, Linux
- Top Features – Data Visualization, Predictive Analytics
- Free Trial available
- Price – Starting from 99$/month
- Best for- Companies that depend on the solution of statistical analysis improve their efficiency and risk management through the deployment of big data, machine-learning algorithms, and prescriptive analysis.
- Support – Email/Help Desk, Phone Support, 24/7 (Live Rep)
- Overall Rating – 4.5 Stars
OriginPro
OriginPro offers a user-friendly and simple-to-learn application that allows data analysis and graphing tools that are of high quality, particularly for scientists, academics, and engineers.
OriginPro, provides extensive analysis tools to;
- Peak Fitting
- Surface Fitting
- Statistics
- Signal Processing
- Image Handling
Users can modify processes like importing, graphing, or analysis using the GUI. The graphs, results of analysis, and reports are updated automatically whenever the parameters or data change.
This allows for the batch analysis of several files or data sets without programming.
- Deployment – Cloud, SaaS, Web-Based
- Platform – Windows, Apple, Linux
- Top Features – Bayesian Analysis, Data Visualization, Forecasting, Multivariate Analysis, Predictive Analytics, Regression Analysis, Reporting & Statistics, Statistical Process Control, Statistical Simulation, Survival Analysis, Time Series.
- Free Trial available
- Prize – Price not provided by the vendor.
- Best for- They are used primarily by R&D engineers and scientists in firms, government labs, and academic departments – both in the lab and for courses.
- Support – Email/Help Desk, FAQs/Forum, Phone Support, Chat.
- Overall Rating – 4.8 Stars
XLSTAT
XLSTAT is an excellent option for those who like to expand the capabilities of MS Excel.It allows us to add features for performing in-depth statistical analysis, ranging from forecasting to modeling in machine learning.
Some if its features include;
- Calculation of price sensitivity and elasticity for market research
- Text mining and semantic analysis using latent language
- Regression Trees and classification for machine learning
- ANCOVA or ANOVA modeling.
XLSTAT also comes with an option for 3D Plot that can assist users in obtaining more accurate latent class analysis as well as more context to help segment better.
- Deployment – Cloud, SaaS, Web-Based
- Platform – Windows, Mac.
- Top Features – Association Discovery, Data Visualization, Forecasting, Multivariate Analysis, Predictive Analytics, Regression Analysis, Statistical Process Control, Statistical Simulation, Survival Analysis, Time Series.
- Lifetime free version available
- Prize – $295/year for Basic
- Best for – Researchers and corporate users in any area in which data is a significant source of information. Statistics professors strive to present their theories using simple software.
- Support – Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat.
- Overall Rating – 4.6 Stars
SAS/STAT
SAS (Statistical Analysis Software) is an analytical platform for statistical analysis that offers the user two choices to work with;
- The entire workflow is possible through Graphical User Interfaces (GUI) or
- You can write scripts for more advanced analysis.
This high-end solution is mainly employed for research, such as business, healthcare, and human behavior.
- Deployment – Cloud, SaaS, Web-Based
- Platform – Windows, Mac.
- Top Features – Visualize data, determine outliers, spot trends, predict future outcomes, Identify correlations and opportunities.
- Free Trial available
- Price – Starting from 99$
- Best for- Best for business intelligence and scalability
- Support – Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat
- Overall Rating – 4.5 Stars
Domo
Domo is a complete self-service business intelligence (BI) application that blends many data analysis and report tools into a single platform.
With Domo users can expect to have more;
- Interactive platform
- Connectivity with other apps
- Collaborative work
- Easy to manage data visualisation
Domo is extremely good at addressing multiple needs. It’s a warehouse-based ETL (extract, transform, load) and visualization platform that eliminates the requirement for different systems to communicate with one another.
- Deployment – Cloud, SaaS, Web-Based, Mobile – Android iPhone, and iPad.
- Platform – Windows, Mac.
- Top Features – Association Discovery, Data Visualization, Forecasting, Multivariate Analysis, Predictive Analytics, Regression Analysis, Reporting & Statistics, Statistical Simulation, Time Series.
- Free Trial available
- Price – Price not provided by the vendor.
- Best for- Domo provides clients from all industries to run their entire business on a single platform.
- Support – Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat
- Overall Rating – 4.2 Stars
Klipfolio
Klipfolio is a modern, lightweight BI platform that is utilized by small and mid-sized enterprises and teams from large corporations to make better decisions and have greater clarity.
Klipfolio is a cloud-based application that constantly examines the performance of its most critical business information by constructing and sharing dashboards for businesses on the web television monitors, televisions, and mobile devices.
With Klipfolio, users can:
- Simple and powerful editor for visualization
- Integration with a variety of data sources
- Excellent documentation
- Very easy to receive reports after establishing
- Easily integrates to third-party services
- Deployment – Cloud, SaaS, Web-Based
- Platform – Windows, Mac, Linux
- Top Features – Reporting & Statistics, Data Visualization, Integrations.
- Free Trial and Free Version available
- Price – Starting from $99/month
- Best for- Small Businesses and the Marketing & Advertising industry.
- Support – Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat
- Overall Rating – 4.7 Stars
Minitab
Last but not least, Minitab software provides a broad selection of advanced and basic statistical tools to the user to assess data analysis.
Like SAS, Minitab helps the user by providing unique commands that can be run via its GUI or scripted command, making it easier for new users and experienced users to tackle more complex problems.
- Deployment – Cloud, SaaS, Web-Based
- Platform – Windows, Mac.
- Top Features – Association Discovery, Data Visualization, Forecasting, Multivariate Analysis, Predictive Analytics, Regression Analysis, Reporting & Statistics, Statistical Process Control, Statistical Simulation, Survival Analysis, Time Series.
- Free Trial available
- Price – $1610/Per-Year
- Best for- Universities and colleges is a cloud-based or on-premise programming, modeling, and simulation system that allows users to analyze data, design models, create algorithms and execute models.
- Support – Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat.
- Overall Rating – 4.4 Stars
Conclusion
There’s a wide range of available software tools, each offering an individual feature to each user. Selecting the most effective software for statistical analysis is contingent on the type of data you’re seeking to analyze and the features you want.
It’s crucial to remember that even if you possess the most sophisticated statistical analysis program (and the skills to utilize it) accessible to you, the results won’t be worth much if they’re not collected in a reliable manner.
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