InnerSoft STATS is a comprehensive statistics software that provides descriptive statistics, statistical hypothesis testing, and parameter estimation. It enables users to calculate the Parametric Value at Risk by the Variance-Covariance method and implement the exponentially weighted moving average (EWMA) model.
The Descriptive Statistics module of InnerSoft STATS can help you compute various statistics such as Mean, Variance, Standard deviation, Coefficient of variation, Quartiles, Percentiles, Skewness, Kurtosis, Mode, Interquartile range, Sum of Squares, and others.
The One-Sample Test module covers popular testing methods such as One-sample z-test, One-sample t-test, and Chi-squared test for variance. While the Two-Sample Test module includes Student's t-test for Independent samples, Student's t-test for Paired samples, and Two-sample F-test of equality of variances.
InnerSoft STATS also features One-Way ANOVA with multiple comparisons methods, including Scheffe, Tukey HSD, Sidak, Fisher LSD, and Bonferroni. Other tests performed by the software include the Welchs Test for equality of means, BrownForsythe Test for equality of means, and Homoscedasticity Test that includes Levene's Test, BrownForsythe Test for equality of variances, and Bartlett's Test.
For Bivariate correlation tests, Matrix of covariances, Pearson Product-Moment Correlation Coefficients, Kendall's Tau-b, and Spearmans Correlation Coefficients are included.
Risk Management is an essential aspect of any statistical analysis, and InnerSoft STATS features some of the best tools for measuring risk. These tools include Var, Marginal Value at Risk, Component Value at Risk, Incremental Value at Risk, Conditional Value at Risk, Expected Shortfall, Expected Tail Loss, or Average Value at Risk.
Other tests that can be performed by InnerSoft STATS include the Pearson Chi-Square Test, Yates’s Continuity Correction, Likelihood Ratio G-Test, and Mantel-Haenszel Chi-Square Test. Fishers Exact Test, McNemar asymptotic, Edwards Continuity Correction, McNemar Exact Binomial, Mid-P McNemar Test, McNemar-Bowker Test, Odds Ratio, Relative Risk, Attributable risk, Relative Attributable Risk, Number Needed to Harm, Attributable Risk per Unit, Etiologic Fraction, Cohen's Kappa Test, Phi Coefficient, Contingency Coefficient, Standardized Contingency Coefficient, Cramer's V, Tschuprow's T, Symmetric Lambda, Asymmetric Lambda, Symmetric U are also covered.
In conclusion, InnerSoft STATS is a comprehensive statistical software that has an extensive list of features that makes it an essential tool for anyone that needs to analyze data. Its user-friendly interface allows both novice and experienced users to navigate through the software with ease.
Version 1.7: Added menu for Financial Formulas: Accumulation Distribution, Average True Range, Bollinger Bands, Chaikin Oscillator, Commodity Channel Index, Detrended Price Oscillator, Ease of Movement, Envelopes, Forecasting, Mass Index, Money Flow, Moving Average Convergence/Divergence, Exponential Moving Ave