Overview

The SmartStat™ software is a Monte Carlo simulation tool that, operating in conjunction with Microsoft Excel®, provides decision-makers with quantitative assessments of variables and risk factors from the AIŲ WIN® software. The SmartStat™ software allows users to assign statistical characteristics to independent variables and, using simulation, track the statistical behavior of dependent parameters over several iterations.

Powerful Variation Tracking

With a finished Excel® spreadsheet, users can assign statistical characteristics to independent cells by defining a distribution type (i.e., normal, uniform, exponential, triangular or discrete distribution) to the cell. Each distribution type requires certain inputs from the user, which establishes the basis for defining the possible patterns each cell can take. Once distribution types are assigned, users next identify target cells whose variations, resulting from changes in independent cell values, should be tracked.