Offers supply chain consulting & outsourcing services. Includes supply chain network design, transportation planning, & inventory planning.
www.chainalytics.com
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Specialty In Complex Research. Free Consult & After-Support! Call Today
www.MinimaxConsulting.com
Statistical Consultant for Doctoral Students and Researchers.
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Free Whitepaper on Visual Analysis Authored by Stanford PhDs
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Offers supply chain consulting & outsourcing services. Includes supply chain network design, transportation planning, & inventory planning.
www.chainalytics.com
A site that offers insight into various statistical topics and their related software solutions; also contains resources and links to other statistics-related sources.
www.galaxy.gmu.edu
Developer of racetrack communication and statistical software. Products run on multiple platforms. Products are sold to racetracks.
www.horizonsoftware.com
Developer of expert systems software. Products include ExSample(tm) and Statistical Navigator Professional(tm) research and development software; Peer Review Emulator (PRE)(tm) which is used for designing research projects; Hyper-Soc(tm) sociol...
www.ideaworks.com
Linked page within Kovach COmputing's home page that provides a variety of Internet resources dealing with statistics and data analysis.
www.kovcomp.co.uk
Developer of materials requirement planning, automatic document filer and statistical quality control software. One package, the Least Cost Formulator(tm) is designed for companies which prepare or use products requiring a blend of materials in...
www.lcfltd.com
Site compiled and maintained by Mike Conlon of the University of Florida Department of Statistics.
www.stat.ufl.edu
Provides a directory of links to sources and other statistical data; also provides tools for data analysts, researchers, educators, managers and students to build their statistical skills and improve their understanding of statistics. Site is ow...
www.statistics.com
Developer of statistical/data analysis software for use over the Internet using pure Java applets.
www.statlets.com
Site offers training in the understanding and application of statistics; covers a wide variety of applications, including laboratory research (biomedical, agricultural, etc.), business statistics and forecasting, social science statistics and su...
www.statsoft.com
Examples and instructions on the topic of business statistical methods.
home.ubalt.edu
Specialty In Complex Research. Free Consult & After-Support! Call Today
www.MinimaxConsulting.com
Statistical Consultant for Doctoral Students and Researchers.
StatisticallySignificantConsulting
Free Whitepaper on Visual Analysis Authored by Stanford PhDs
www.tableausoftware.com
Guide to Statistics and Statistical Methods
Spot trends and opportunities in companies with statistics and statistical methods
Using a statistical method won't just improve a specific area of your business. Statistical techniques can help identify larger trends in an industry. In a competitive business environment, the ability to spot and use industry trends to your advantage can be the lifeblood of company. A business can use a statistics method like logistics curving or probit curving to forecast the success of new products and know when to retire older products.
Before you implement a statistics process to assist in your business, you should consider the following:
1. Know the basics of statistical process;
2. Decide whether to conduct business statistical analysis in-house or outsource it; and,
3. Have a plan to implement the results of the statistical analysis.
Action Steps
The best contacts and resources to help you get it done
Use Microsoft Excel to test drive statistical methods in business
Microsoft Excel offers plenty of features that will enable a small company with limited funds or a large one that is leery of investing too many resources for the statistical analysis.
I recommend:
Take advantage of the software that you already have, in this case Microsoft Excel, to evaluate just how effective and useful statistical analysis will be for your business. Make sure that you install the Excel statistical analysis pack on the computer or you will not have access to all the statistical functions in Excel. You will need someone on staff that understands how to input and interpret the data that is relevant to your business. Understand however, that Excel is not as robust as a dedicated statistical analysis software package.
Invest in statistical trending and analysis software
Once you decide to implement statistical analysis in your business, you need a software package to handle the task.
I recommend:
After taking the less robust Excel statistical software out for a test drive, you may want to purchase software to conduct in-house statistical analysis of your business. Be certain that you have employees on staff to handle the application and analysis. If not, you may need to hire a statistical analyst. There are many different statistical software programs available such as SPSS, SAS, and Insightful.
Hire someone who knows how to perform the statistics process
To get a proper statistical analysis, you may need to hire an outside firm to perform the analysis.
I recommend:
Outsource the business statistical analysis if your company does not have the proper in-house talent or if it is economically inefficient to do so. Feel comfortable with the business statistical methods company that you hire. Examples of companies that can perform this business statistical analysis are John Galt Solutions, Inc., Minimax Consulting and Chainalytics LLC.
Tips & Tactics
Helpful advice for making the most of this Guide- Have each division manager at the company take an introduction to statistics course. If the decision-makers within the company do not have a basic understanding of statistical analysis, your company will be at the mercy of the statistician on staff or the outsourcers you hired.
