The Variety of Statistical Tools to Support Your Decision Making

My wife and I moved to a new home last year. We have yet to organize our tools.

The bedroom and kitchen are now organized. We, for the most part, can find the sweater or pan that we’re seeking.

No so for our tools in the shop. We have an assortment of hand tools for painting, home maintenance, yard work, and woodworking. In our previous home, we had the tools on pegboards, on shelves, in cabinets. We could find the right tool for the job at hand quickly. We’ve avoided the tool aisle at the hardware store recently, as we were sure we had the tool we need in the jumbled mess in our garage already. Still haven’t found it, though.

Have you noticed the number of statistical tools available? It’s like visiting a well-stocked tool store. There are basic tools like trend charting and advanced tools like proportional hazard models. Let’s explore the available tools a little so you can quickly find the right tool for the question or problem you are facing today. [Read more…]