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Pareto Chart, Box-Whisker Plot and Descriptive Statistics in One Single Software Tool

Make Pareto Chart, Box-Whisker Plot and Descriptive Statistics using the MM4XL all-in-one software tool called Descriptive Analyst.

Box whiskers plot for descriptive statistics and pareto chart analysis

What: Pareto chart, box-whisker plot and descriptive statistics using one single software tool

Pareto Chart, Box-Whisker Plot, and Descriptive Statistics in One Single Software Tool

Descriptive Analyst performs three major tasks: it draws Pareto charts, also known as ABC analysis; it computes descriptive statistics; and it makes box-whisker plots. Everything can be run simultaneously for one or more input data series (batch analysis).

When exploring data, two typical tools statisticians use are frequency tables and histograms. Pareto chart brings both these tools together, and is most often applied when you need to look at the spread of data over a range of values.

The box plot is a very useful tool for viewing a distribution. It shows extreme and quartile values in a pictorial representation, and is typically used to gain a quick understanding of how values spread.

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When: Pareto chart, box-whisker plot and descriptive statistics for marketing analysis

Click to enlarge

What is the typical [price] for a certain product? How many of these products fall within a certain [price] range? What is an unreasonable [price] for this product category? Questions such as these can be answered with Descriptive Analyst and the brackets around the variable price underline the fact that they can be asked for any variable that can be expressed on a categorical or continuous scale. Answering these questions can offer very useful hints to the manager challenged with making performance ranks, looking into industry sector records, or comparing product profiles rather than competitor performance.

Who: Pareto chart + box-whisker plot + descriptive statistics for marketing and business analysts

The Descriptive Analyst tool is used by business decision-makers often supported by business analysts. Among our business decision-maker clients there are:

General Managers and CEOs
Business Directors
Marketing Managers
Sales Managers
Business Analysts
Marketing Analysts
Advertising Managers
Pricing Managers
Product Portfolio Managers

Descriptive Analyst tool features:

	Makes Pareto charts, also called ABC Analysis
	Makes box-whisker charts
	Can rescale data to show box-whisker chart done with percentages
	Prints detailed descriptive statistics
	Treats 1 or more data series simultaneously (batch analysis)
	Works with both categorical or continuous data series
	Automatic bin range calculation
	Allows use of a user-defined bin range
	User-defined number of classes
	The example sheets describe how to run the tool
	The tool works in 5 different languages: E, F, G, I, S
	Help file with advanced description of the Descriptive Analyst concepts

Other MM4XL software tools related to the Descriptive Analyst tool:

	Risk Analysis with Monte Carlo Simulation
	CrossTab for Survey Data Analysis Cross Tabulation
	Significance Test of Difference of Proportion Software
	Sales Forecast with History Data
	Total Quality Management Control
	Random Sample Size Design Calculation Software

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