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If it's not designed for real statistics, what is it designed for then, fake statistics? I see what you're saying, but I think the real distinction you're drawi
by stdbrouw 14y ago
If it's not designed for real statistics, what is it designed for then, fake statistics? I see what you're saying, but I think the real distinction you're drawing is between heavy-duty work and run-off-the-mill descriptive stats. Even the latter need to be accurate.
- christopheraden 14y agoThanks for pointing out the distinction. You're right that this is what I was going for, but the articles I've seen thus far about the inaccuracies in Excel deal mainly with the poor capabilities of the optimization routines, RNG, and distribution functions. If you're balancing a budget with numbers that involve 2 decimals or taking measures of central tendency on similarly-scaled values, Excel isn't woefully inadequate.
- stdbrouw 14y agoThat makes sense. Apologies if I was being flippant.