MatLab is a predictive analytics and computing platform based on a proprietary programming language. MatLab is used across industry and academia.
$49
per student license
Minitab
Score 9.2 out of 10
N/A
Minitab Statistical Software can look at current and past data to discover trends, find and predict patterns, uncover hidden relationships between variables, and create visualizations. Key statistical tests available in Minitab include t tests, one and two proportions, normality test, chi-square, and equivalence tests. And its interactive tool with a gallery lets users view and explore multiple graph options without re-running analysis. Using the same selection of data each time, Graph Builder…
MATLAB really does best for solving computational problems in math and engineering. Especially when you have to use a lot of functions in your solving process, or if you have a nonlinear equation that must be iteratively solved. [MATLAB] can also perform things like integration and derivation on your equations that you put into it.
Teaching statistics to undergraduate and graduate students non-majors.
Teaching short courses in statistics for people from industry whose backgrounds are not statistics. They usually are not up to speed on coding and wants something that is easy to learn. Less appropriate for statistics majors or those developing statistical tools in a research environment.
MATLAB is pretty easy to use. You can extend its capabilities using the programming interface. Very flexible capabilities when it comes to graphical presentation of your data (so many different kinds of options for your plotting needs). Anytime you are working with large data sets, or with matrices, MATLAB is likely to be very helpful.
All the users at our site required training to be able to utilize Minitab in the different departments. It would be nice to have a user-friendly/basic user version for those who just need to view charts, data, etc
The built-in search engine is not as performing as I wish it would be. However, the YouTube channel has a vast library of informative video that can help understanding the software. Also, many other software have a nice bridge into MATLAB, which makes it very versatile. Overall, the support for MATLAB is good.
How MATLAB compares to its competition or similar open access tools like R (programming language) or SciLab is that it's simply more powerful and capable. It embraces a wider spectrum of possibilities for far more fields than any other environment. R, for example, is intended primarily for the area of statistical computing. SciLab, on the other hand, is a similar open access tool that falls very short in its computing capabilities. It's much slower when running larger scripts and isn't documented or supported nearly as well as MATLAB.
MATLAB helps us quickly sort through large sets of data because we keep the same script each time we run an analyzation, making it very efficient to run this whole process.
The software makes it super easy for us to create plots that we can then show to investors or clients to display our data.
We are also looking to create an app for our product, and we will not be able to do that on MATLAB, therefore creating a limiting issue and a new learning curve for a programming language.