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Stat Software Alternative to Minitab

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Viewing 11 posts - 1 through 11 (of 11 total)
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  • May 6, 2013 at 11:42 am #54395

    Richard King
    Member

    Hello folks,
    Looking for suggestions for a statistical software package alternative to Minitab, for use in the financial services industry. Looking for something in between basic excel capability and a higher end tool (like Minitab). Hoping to avoid breaking the bank from a license perspective. Feel free to share experiences.

    Any suggestions appreciated.

    Thanks!

    >>Rick King

    1
    May 6, 2013 at 11:50 am #195180

    Katie Barry
    ✔️ iSixSigma Staff
    ★ 10 Years ★
    Keymaster

    @rickking33 — This page on iSixSigma may help: https://www.isixsigma.com/six-sigma-software/

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    May 6, 2013 at 12:14 pm #195181

    Richard King
    Member

    Thanks for the info Katie!

    0
    May 7, 2013 at 4:19 am #195183

    Trish G
    ★ 10 Years ★
    Participant

    I have always found SigmaXL to be useful at a very reasonable price

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    May 7, 2013 at 7:05 am #195185

    accrington stanley
    ★ 20 Years ★
    Guest

    The R package is Open Source and therefore costs nothing. Also it is one of the most powerful and flexible packages available. There is a specific finance website:
    http://cran.r-project.org/web/views/Finance.html
    Good Luck!

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    May 7, 2013 at 9:27 am #195189

    Francisco
    ★ 20 Years ★
    Guest

    JMP Statiscal Software

    http://www.jmp.com

    1
    May 8, 2013 at 5:01 am #195193

    MBBinWI
    ★ 10 Years ★
    Participant

    @rickking33 – while I appreciate and respect the recommendations of the other posters, there really isn’t a comparable substitute for Minitab, in my humble opinion. Now there are some specialized software packages for doing DOE’s and control charts, but for an all around statistical analysis package, you can’t beat Minitab. The cost is minimal when compared to the capability. And their technical help, be it from a usability standpoint, a statistical standpoint, installation or enhancements, is always outstanding. And the software is one of the most stable that I’ve seen in quite some time.
    I’m no shill for our friends in PA, just a very loyal user.

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    May 9, 2013 at 7:05 am #195198

    Chris Seider
    ★ 10 Years ★
    Participant

    Minitab’s great!

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    June 18, 2020 at 9:36 am #248436

    larryonov
    Participant

    Minitab is commercial software and currently it is unbeatable as was mentioned. For simple data analysis and basic plotting you can try easytab: https://easytab.dev/

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    June 18, 2020 at 10:25 pm #248448

    Strayer
    ★ 10 Years ★
    Participant

    There are many others out there.  I’ve read reviews and comparisons over the years.  You can find many on-line.  Some are advertised in Quality Progress (American Society for Quality’s magazine).  But we trust Minitab for ease of use, features, and reliability.  One thing I advise is “don’t even think of building your own”.  Sure, maybe you or people in your organization are really sharp with Excel or with building apps, and maybe you have some statisticians who really understand the formulas.  But if you go that route you’ll spend much more than licensing and almost certainly end up with something you can’t trust.

    1
    June 18, 2020 at 11:34 pm #248449

    Robert Butler
    ★ 10 Years ★
    Participant

    Minitab is great so I’m sure they appreciate the 2020 tip of the hat in their direction but this thread has been dormant since 2013 so the original poster might be a bit slow in responding.  :-)

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