Minitab Statistical Software Version 22.1.0 is available to customers who manage their Minitab subscription in the Minitab License Portal. This release includes new features and enhancements.
New Statistical Methods
Nonparametric Capability provides a robust solution to evaluate the capability of a process without any assumptions about the distribution of the data.
Automated Capability determines the appropriateness of the normal distribution and automatically presents alternative distribution fits or transformations. You can also use process knowledge to choose a different method from the automatic selection.
Interactively customize your results with new graph editing features.
Minitab 21.4.2 provides important bug fixes.
With its intuitive interface and comprehensive set of tools, Minitab’s Research and Development Module empowers professionals in the R&D field to delve into complex data analysis with the best tools right at their fingertips.
This update includes our proprietary MARS® Regression feature which expands upon Minitab’s predictive analytics capabilities to create accurate predictive models for a continuous response with many continuous and categorical predictor variables. Minitab 21.4 also includes graph editing enhancements and the ability to update or create new results for some statistical features when data change.
MARS® is our latest advanced predictive analytics solution that uncovers important data patterns and relationships that are difficult, if not impossible, for other regression methods to reveal. The MARS modeling engine builds its model by piecing together a series of straight lines, with each allowed its own slope. This permits the MARS modeling engine to trace out any pattern detected in the data.
Add Percentile Line for Probability Plot
This feature provides the option to add percentile lines at specified values along the X or Y scale to an already-created probability plot. Note: this option will apply to the selected graph only.
Adjust Probability Plot Y-Scale
This feature will provide the option to change the Y-scale type between percent, probability, and score on an already-created probability plot. Note: this option will apply to the selected graph only.
Adjust Histogram Binning
This feature provides the option to change the interval type on the X-scale (binning) between midpoint and cutpoint as well as the interval definition for binning by specifying the number of intervals or choosing custom midpoint/cutpoint positions on a histogram. Note: this option will apply to the selected graph only.
These new graphs are useful when working with a large sample size and assessing relationships between several pairs of variables at once.
Minitab’s Helps users streamline problem-solving without worrying about selecting which analysis to use.
Minitab’s Measurement System Analysis Module provides guided data analysis to solve the most common MSA challenges. Explanations are provided for each analysis, while our industry-leading technical support team is available via phone or email to help.
Minitab’s Sample Size Module provides guided data analysis to estimate the required sample size to determine whether the analysis you want to perform will have enough power to meet your needs.
Minitab’s Insurance Module helps to provide data-driven insights into opportunities to improve customer satisfaction, increase revenue, and control expenses.
Written with insurance industry professionals in mind, Minitab’s Insurance Industry Module provides guided data analysis to solve common insurance industry challenges. Shift your focus to improving key performance indicators (KPIs) like Time to Settle a Claim, Revenue per Policy Holder and Claims Ratios without worrying about which analysis to use.
Augmented Dickey-Fuller Test determines whether differencing makes the mean of the data stationary. This command is used to determine the nonseasonal differencing order when you analyze your time series data with an ARIMA model.
Box-Cox Transformation stabilizes the variance of a time series over time for better forecasting results.
Box-Cox Transformation is a technique available on the MSS Time Series menu. It is used to make the variance of transformed time series data unchanged over time.
The Forecasting Best ARIMA command will do the model selection analyses for the user automatically, saving them time from having to evaluate different ARIMA models themselves and selecting best model.
Forecasting Best ARIMA automatically forecasts the future values of a times series data set. The user can also select a simpler-but-equally-good alternative model to avoid any over-fitting problems. The user is empowered to decide whether the selected model can fit the data reasonably well and produce reliable forecasting results.
These new graphs empower users to choose the best graph when utilizing Graph Builder for their analysis.
Graph Builder’s easy-to-browse gallery lets users seamlessly switch from one graph to the next using the same selection of data and without re-running your analysis. Users will now be able to select newly added graphs from Graph Builder: Line Plot, Stacked Area Graph, and a Pie Chart.
Minitab Statistical Software now offers two optional add-on modules for professionals who want guided analyses for supply chain operations or customer contact centers.
Our Supply Chain Module empowers supply chain experts and professionals to leverage data analysis to tackle any challenges faced in their supply chain.
Direct prompts, statistical guidance, and support pages are specifically written for customer contact center professionals in familiar terminology so they can focus on improving key performance indicators (KPIs) like service level, utilization and cost, ticket volume, time management, ticket resolution, and customer satisfaction without worrying about which analysis to use.
The Customer Contact Center Module empowers customer contact experts and professionals to leverage data analysis to tackle any challenges faced in customer care.
Our latest release, Minitab Statistical Software Version 21.1.0 is available to customers who manage their Minitab subscription in the Minitab License Portal. This release includes new features and bug fixes.
Addition: The Cox Regression command is included under the Reliability menu. Models can be fit:
Cox Regression is a method for investigating the effect of several variables upon the time it takes for a specified event to happen.
Cox Regression, also known as Proportional Hazards Regression, is one of the most popular regression techniques for survival outcomes.
Addition: An interactive probability plot is now available in Graph Builder.
• Select fits from 14 distributions
The graph builder gallery will fit probability plots for continuous variables.
Graph Builder now includes an interactive probability plot.
It is common for researchers to try a few different machine learning models when evaluating their data. This new AutoML feature will evaluate the following models:
Validation prevents model overfitting, which is an important aspect in machine learning. This feature is now available in the Predictive Analytics menu and within Stat-Regression, Stat-Binary Logistic Regression and Stat-Poisson Regression.
Minitab Statistical Software has been updated to include an additional visualization, Bubble Plot, in Graph Builder. This update is also compatible with Minitab’s Healthcare Module, our optional add-on purpose built with healthcare professionals in mind.
Minitab’s Healthcare Module empowers healthcare experts and professionals to leverage data analysis to tackle any challenges faced in healthcare
Minitab Statistical Software has been updated to include Graph Builder, a new way to revisualize your data and explore graph alternatives with an interactive and easy-to-browse gallery.
Quickly create and choose the visualization that best displays your insights with our interactive, easy-to-browse gallery that let’s you seamlessly switch from one graph to the next using the same selection of data and without re-running your analysis.
Graph Builder gives you the power to create and change visualizations quickly, so you can focus on choosing the right visual to accurately communicate your insights and achievements.
This update includes additional visualizations, integrations and general improvements.
Graphs can be split by variables faster, removing the need to first subset the data before creating these graphs.
In each of these dialogs, grouping variables can be designated using the By Variable section.
Lagged columns are commonly used in time series modeling and supervised machine learning, such as CART, TreeNet, and Random Forests. This improvement allows for faster data preparation.
Numerous lag columns can be easily generated for one or multiple time series columns. This command is located in Stat-Time Series-Lag.
Call R scripts from Minitab Statistical Software. R is a language and environment for statistical computing and graphics.
R scripts can run in 3 ways:
Execute external R scripts that use Minitab Statistical Software variables (columns, constants, matrices) as inputs. Results are returned to Minitab and displayed in the output navigator and output pane.
Tree-based methods empower predictive analytics with not only speed to answer, but also remarkable accuracy and ease of interpretation. Users can quickly understand the key drivers of a process.
Our proprietary, best-in-class, tree-based machine learning algorithms not only have the power to provide deeper insights and visualize multiple complex interactions with decision trees but are equipped to handle larger data sets with more variables, messy data, missing values, random outliers, and non-linear relationships. These methods are now available in a module that you easily add to Minitab Statistical Software.
New Feature: Random Forests consists of many individual decision trees that operate as an ensemble.
Random Forests generally provides better predictive power than a single decision tree.
Based on a collection of CART Trees, Random Forests leverages repetition, randomization, sampling, and ensemble learning in one convenient place that brings together independent trees and determines the overall prediction of the forest.
New Feature: TreeNet Classification and TreeNet Regression. Includes Fit Model and Discover Key Predictor submenus.
Gradient boosting can deliver optimal prediction accuracy and unique insights.
Our most flexible, award-winning and powerful machine learning tool, TreeNet Gradient Boosting, is known for its superb and consistent predictive accuracy due to its iterative structure that corrects combined errors of the ensemble as it builds.
Correlograms are useful for finding important correlations when faced with many variables. Viewing correlations as a color gradient is an alternative approach to displaying a matrix plot or a table of correlation statistics.
The correlogram makes it easy to visualize a matrix or correlations, particularly when the number of variables is large.
Minitab is now accessible Now from anywhere on the Cloud
Selecting a range of output makes it easier for users who need to remove or send output from the Navigator.
One of the top feedback items from users, this improvement makes sending or removing multiple items from the navigator much easier.
Users can see the decision tree, model and node details in a single view, making alternative model selection easier than ever.
When users choose to view an alternative tree, a single view provides them with detailed information for all possible models.
Validation is the process of evaluating a trained model on a test data set. This feature makes it easier for users to create useful models.
Validation prevents model overfitting, which is an important aspect in machine learning. This feature is now available in the Predictive Analytics menu and within Stat-Regression, Stat-Binary Logistic Regression and Stat-Poisson Regression.
1. The ability to specify multiple response variables for a given set of factors – this results in multiple graphs, one for each response.
2. The ability to brush individual observations.
It is easy to create multiple variability charts with a single click. Also, exploring data is easier with the added ability to brush individual observations.
The Variability chart dialog can now support multiple responses, and brushing points is available when interacting with the graph.
Heatmaps are located in the Graph menu, between the bar and pie Charts. When you have a large number of factor levels, they may be easier than a bar chart to communicate areas that are different.