Minitab Express Adds Time Series Analysis and Control Charts

STATE COLLEGE, PA., Dec. 9, 2015 (GLOBE NEWSWIRE) -- Minitab Express 1.4, an update to the most recent version of this statistical software package for introductory statistics, adds new analyses and features.

"We're excited to provide business and engineering departments with the tools they need to prepare students for a data-driven world," says Michelle Paret, product marketing manager.

With its user-friendly interface and intuitive menus designed to complement leading textbooks, students can use Minitab Express on Mac or PC to quickly analyze and interpret their data—benefits that continue in the newest version, which includes time series analysis, control charts, regression improvements, and more.

New time series analyses help students explore data collected sequentially. Minitab Express 1.4 offers time series plots, trend analysis, moving average, single exponential smoothing, and double exponential smoothing methods to evaluate trends and produce forecasts.

Control charts assess process stability by monitoring continuous and attribute process data. Minitab Express 1.4 includes Xbar, Xbar-R, Xbar-S, Individuals, I-MR, P, and U control charts. New regression features in Minitab Express include creating models with a categorical predictor and confidence intervals for coefficients.

"Minitab Express does the heavy lifting with the calculations," says Paret. "It allows students to focus on learning statistical concepts and their applications in real-world problem solving."

Row and column statistics now calculate figures such as row averages, and users can create formulas using new percentile, concatenate, combinations, permutations, factorial, and logic functions.
New features added to Minitab Express 1.4's graph and random data tools enable users to fit exponential, lognormal, or Weibull distributions for histograms and probability plots, use the geometric distribution when calculating and graphing probability distributions, and generate data sets sampled from geometric or Bernoulli distributions.

Instructors also have access to new lesson plans for teaching core statistical concepts using Minitab Express or Minitab 17. Class outlines, instructor notes, exercises, answer keys, and Minitab data sets are included.

The update is free for Minitab Express users. More information about Minitab Express, including pricing, licensing, a free 30-day trial version, and the new lesson plans are available at www.minitab.com/academic.

About Minitab Inc.

Minitab Inc. is the leading provider of statistical software for quality improvement worldwide. More than 4,000 colleges and universities use Minitab for teaching and research. Thousands of companies in more than 100 countries trust Minitab.

The company's products include:

• Minitab® 17, the leading statistical software used for quality improvement and statistics education.
• Minitab Express™, is designed for teaching and learning introductory statistics and is available for both the Mac and PC.
• Quality Trainer by Minitab®, an e-learning course that teaches statistics and how to use Minitab Statistical Software.
• Devize®, a powerful Monte Carlo simulation tool for engineers.
• Qeystone®, a project portfolio management platform designed to manage an organization's entire Lean Six Sigma deployment.
• Quality Companion by Minitab®, process improvement software for executing quality improvement projects.

Minitab's products are backed by free technical support and outstanding services, including training, statistical consulting and custom development.
Headquartered in State College, Pa., Minitab Inc. operates offices in Phoenix, Az., the United Kingdom, France, and Australia and has additional representatives throughout the world.

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CONTACT: FOR MORE INFORMATION contact Carly Barry or Eston Martz in Minitab media relations: PublicRelations@minitab.com

Source: Minitab