Saturday, 28 October 2017

List of Freeware Software That You Can Use for Statistical Analysis

When it comes to statistical analysis, the students are required to work really hard and make sure they complete their assignments the right way using the best software that enable them to succeed in their class. There are many students who are unable to use the available software because they are too expensive and they cannot afford to purchase them.
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Before getting to know about the software that can be used for statistical analysis, it is necessary to know what statistical analysis is all about and how these projects should be dealt with. In simple words, statistical analysis a component of data analytics. When we talk about business intelligence, statistical analysis involves collecting and scrutinizing every data sample in a set of items from which samples can be drawn. When we talk about statistical terms, it is a representative selection drawn from a total population. Statistics is closely related to our lives and it is used in homes to businesses and even in our educational institutes where students use it to come up with data and analysis.

Students need to know that statics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. When we apply statics to any field be it scientific, industrial, or social, it is important to begin with a statistical population or a statistical model process to be studies.  Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments.

What is Statistical Analysis and Why it Needs Software
Statistical analysis can be defined as the science of collecting, exploring and presenting large amounts of data to discover underlying patterns and trends. Statistics are applied on daily basis in research, industry and government to get more scientific decisions that need to be made.

Even though Microsoft Excel can be used as basic statistical analysis software, yet it does not provide assistance to a more serious analysis user who needs specialized software such as SPSS, Eviews or Stata. These programs are expensive and not everyone can afford to get them easily. Fortunately, there are plenty of free alternatives that can be used and they provide equally good results for students. Here is a list of the most popular free software for statistical analysis.

The R Project for Statistical Computing
R is the most widely used free statistical environment and it can be used for various type of analysis as it has a large community and numerous packages. Learning to use it requires a bit of programming knowledge from students but there are plenty of tutorials and online courses available that will help students out in this time. It is highly recommended free software as it is slowly becoming the standard in many professional data analytics communities.

PSPP 
This is a free alternative for SPSS, and a mature project that can be used very effectively for regression analysis, non-parametric tests, T-tests, cluster analysis and lot more. It supports over 1 billion variables and it can be used for statistical analysis by students very easily.

Gretl
this is another free software for statistical analysis and a free alternative to Eviews. It can be used for a wide range of econometric analyses, data series and regression just the way students want it.
MicrOsiris
MicrOsiris is a lightweight freeware as it can perform all sorts of data analysis most competently.

Regressit
This is one completely free add-in for Excel and it can be used for multivariate descriptive data analysis and multiple linear regression analysis.

MacAnova
MacAnova was developed by a group of experts at the University of Minnesota and it can be used very effectively for statistical analysis and matrix algebra for all the students who need free edition for statistical analysis.

GNU Octave
This tool is an excellent alternative to Matlab. It be used for multiple numerical computations as well as it great data visualization assistance.

Dmelt
This tool is a successor to a couple of other statistical environments. It can be used the right way for mathematical analysis, visualization and much more making it easy for students to focus on all their statistical analysis tasks free of cost.

Finding the best as well as the cheapest software for statistical analysis becomes too tough for students because they will not know if it will work the right way or not. These free software for statistical analysis help students complete their assignments and succeed the right way in their class.


Location: United Kingdom

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