Statistics Software PASW

Discussion in 'General Distance Learning Discussions' started by SurfDoctor, Jun 14, 2010.

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  1. SurfDoctor

    SurfDoctor Moderator Staff Member

    I'm beginning to get familiar with the statistics software called PASW (aka SPSS) preparing myself for dissertation research. Does anyone have experience with this software? If so, what are your thoughts?
     
  2. james_lankford

    james_lankford New Member

    what kind of post is that ?
    a pop up ad after each and every word ?

    edit

    ha !
    just noticed its in every post of every thread
    even my reply LoL !
     
    Last edited by a moderator: Jun 14, 2010
  3. Randell1234

    Randell1234 Moderator Staff Member

    I have used it a lot and it is pretty good. Once you understand what you are doing, it is a snap. To calculate Power, I recommend G-Power - it is free.
     
  4. racechick8293

    racechick8293 New Member

    I used SPSS (PASW) for my dissertation. It's pretty straightforward. The only item to watch out for is if you have a "student" version, there is most likely a time limit. I think my copy was only good for 1 year.

    I second the G power recommendation. I used that in an Advanced Stat class.
     
  5. wthagen

    wthagen New Member

    SPSS is very easy, very intuitive. Compared to some of the others it is almost fun to use. On the downside it is somewhat limited in capability.
     
  6. joel66

    joel66 New Member

    Does anyone know of any basic software I can use to create a graph that shows the probability distributions for three companys? I need to compare what the graph would look like entering the Mean and Std. Dev for each one. I tried to read the explaination for excel, but it wants me to enter for only one graph and you have to enter the x,y data. Trying to find something that I can just enter the info below.

    Company A Mean 17.4 Std. Dev 20%
    Company B Mean 13.8 Std. Dev 18.80%
    Company C Mean 8 Std. Dev 0%

    I'm taking a finance class and we have to create graphs. When I took statistics, it was all done by hand.
     
  7. Ian Anderson

    Ian Anderson Active Member

    Use the NORMDIST function of Excel. Here is an easy to use guide to plotting a binomial curve using mean and std dev
    Normal curve
    Be careful to copy and adjust the formulae shown for your example.

    In your data above I assume the std dev for company A is 3.48 (20% of the mean)
     
  8. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    Nice Job

    I've noticed in a few of your threads that you are planning your dissertation well in advance (years?). I just want to say that I am impressed and I know you will do well on it because you have the right attitude and personality to succeed. Go get'em!!!
     
  9. SurfDoctor

    SurfDoctor Moderator Staff Member

    SPSS figures all of that in a heartbeat, but it is quite expensive. Great software though.
     
  10. Ian Anderson

    Ian Anderson Active Member

    Joel66,
    I sent you a PM
     
  11. edowave

    edowave Active Member

    $120 for a 12 month license. (You want the GradPack that includes Advanced Statistics.) You can download a 30 day free trial too.

    Little pricey, but if it results in a completed dissertation, WORTH IT!
     
  12. SurfDoctor

    SurfDoctor Moderator Staff Member

    I agree. I'm working with it now and it is powerful. I don't think I could do this without it.
     
  13. Ian Anderson

    Ian Anderson Active Member

    Graph using Excel
     

    Attached Files:

  14. joel66

    joel66 New Member

    Thank you, this helps on doing one graph for standard deviation. Do you know how to do the one for Security Market Line?
     
  15. joel66

    joel66 New Member

    This exactly what I'm looking for on the three probability distributions on one graph.

    I spoke with the instructor and he mentions that Excel is the main software I need to get more proficient if taking more advanced finance courses. I noticed Lynda.com has some excel software that I need to review. I also need to work on showing a Security Market Line graph.
     
  16. TMW2009

    TMW2009 New Member

    Excel is suprisingly powerful in what you can do with it, if you know the ins and outs... That being said, it can be a little unwieldy at times, and frustrating as all get out if there's just a little glitch in your formulas.

    I've got about 4 different books in PDF format for Excel on data analysis and reports and such that I carry around on both my android and my iPhone for easy access to refer to when I need it (if I'm not sitting at my main computers - either home or work).
     
  17. wthagen

    wthagen New Member

    SPSS is user friendly and acceptable for non-complex analysis but it is a lightweight compared to Stata, SAS or Mathematica. Most of these programs are available for rental from a number of vendors at fairly reasonable rates, so you do not have to buy them.
     
  18. Ian Anderson

    Ian Anderson Active Member

    Very true - my last big employer paid top dollar to anyone who was really proficient at Excel.

    Very true.
     
  19. SurfDoctor

    SurfDoctor Moderator Staff Member

    I wouldn't agree that SPSS is lightweight. It can do almost anything in a heartbeat. But if those other programs can be gotten more cheaply, then that would be the way to go. They are certainly every bit as good as SPSS, at the very least.

    Of course, you may be way ahead of me in statistics, so you may know of issues that are beyond my understanding. I'll never be a statistician, I just need it to get me though the data analysis with the least amount of pain. SPSS is great for someone like me.
     
    Last edited by a moderator: Jul 21, 2010

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