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NumXL Reviews & Product Details

Predrag S.
PS
FX
Capital Markets
Enterprise(> 1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about NumXL?

NumXL is a great software. It gives you the opportunity to manage complex calculations in a simple matter (GARCH, EGARCH, ARIMA to name a few) and it is very easy to apply the formulas on large sets of data. Very reasonably priced as well. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

I actually never had any problems using the software and no dislikes. On one occasion I wanted a more thorough explanation of the formulas used and how they handled the data. This was provided to me very quickly by the support staff. Review collected by and hosted on G2.com.

Recommendations to others considering NumXL:

There are many comprehensive guides on YouTube that explain the models and have step-by-step tutorials. If you need further support, you can just contact NumXL and receive very professional support no matter what questions you may have.

The program also allows you to customize the output that is sought after.

Regarding the support, it is the best I have experienced so far. The staff is very eager to help and offers detailed explanations through email, video conferences etc. They can even take a look at your spreadsheets and suggest changes, adjust problems that have occurred. Mohamad helped me in all my enquiries and was very professional.

Very reasonably priced as well. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

I used NumXL for volatility modeling with GARCH and EGARCH. The software offers even much more than I have tried so far. Review collected by and hosted on G2.com.

NumXL Overview

What is NumXL?

NumXL is a suite of time series Excel add-ins. It transforms your Microsoft Excel application into a first-class time series software and econometrics tool, offering the kind of statistical accuracy offered by the far more expensive statistical packages. NumXL integrates natively with Excel, adding scores of econometric functions, a rich set of shortcuts, and intuitive user interfaces to guide you through the entire process. NumXL comes packed with scores of functions that you can easily access through the function wizard in Excel, as well as several wizards and shortcut UIs to facilitate the time series analysis process and automate the most common steps (e.g. summary stats, modeling, calibration, diagnosis, forecast, and more.) (1) Description Statistics (2) Statistical Testing. (3) Correlogram Analysis (4) Date & Calendar calculation (5) Brown's, linear & Winter's exponential smoothing (6) ARMA/ARIMA/SARIMA & X12ARIMA (7) ARMAX/SARIMA-X (8) GARCH, E-GARCH & GARCH-M (9) MLR, GLM & PCA (10) Spectral Analysis: DFT, IDFT, HP, BK, convolution & Periodogram (11) Utilities: Interpolation, Regex, etc.

NumXL Details
Discussions
NumXL Community
Languages Supported
English, Spanish
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Product Description

NumXL is a suite of time series Excel add-ins. It transforms your Microsoft Excel application into a first-class time series software and econometrics tool, offering the kind of statistical accuracy offered by the far more expensive statistical packages.


Seller Details
Year Founded
2008
HQ Location
Chicago, IL
Twitter
@spiderfinancial
41 Twitter followers
LinkedIn® Page
www.linkedin.com
4 employees on LinkedIn®

Mohamad E.
ME
Overview Provided by:
Product Manager / Founder

Recent NumXL Reviews

JR
Juan R.Mid-Market (51-1000 emp.)
4.0 out of 5
"A Good statistic Tool to use with Excel"
Its in excel, so its very easy to use. Also the vdeo tutorials are very educationals
LK
Ladislav K.Mid-Market (51-1000 emp.)
5.0 out of 5
"I need an efficient assistant"
I am particularly interested in analysis and modelling statistical data, namely the time series. Particularly, I appreciate simple manipulation wi...
Linda D.
LD
Linda D.Enterprise (> 1000 emp.)
4.0 out of 5
"NumXL excellent tool and efficient technical support."
It is a tool with a very intuitive and easy to handle interface, with many functionalities, and also very reliable to create any type of graphic yo...
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NumXL Media

NumXL Demo - Empirical Distribution Function (EDF)
In this screenshot, we show an example of the EDF Wizard output (i.e. table and plot) for a given data set.
NumXL Demo - Correlogram Analysis
This screenshot shows the output of NumXL Correlogram Wizard for the airline passengers data set : ACF/PACF values and corresponding Correlogram plot.
NumXL Demo - Forecasting using AirLine Model
This screenshot shows the forecast values (and 95% confidence interval) of the residential power demand for city of Riyad, KSA.
NumXL Demo - X12-ARIMA  & Seasonal Adjustment
In this screenshot, we used the X12-ARIMA Wizard to seasonal adjust monthly airline passengers data, and projected a 12-month forecast.
NumXL Demo - GARCH Volatility Forecast for S&P 500
In this screenshot, we show the GARCH analysis for S&P 500 weekly returns and, the forecast term structure implied by calibrated GARCH Model
NumXL Demo - Fourier Transform
In this figure, we show the DFT of a time series, and using the inverse DFT to construct a filtered version of the original signal.
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19 out of 20 Total Reviews for NumXL

4.7 out of 5
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19 out of 20 Total Reviews for NumXL
4.7 out of 5
19 out of 20 Total Reviews for NumXL
4.7 out of 5
G2 reviews are authentic and verified.
JR
Stuudent
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

Its in excel, so its very easy to use. Also the vdeo tutorials are very educationals Review collected by and hosted on G2.com.

What do you dislike about NumXL?

When you are making a mistake working with the tool, it should message you with the thing you are doing wrong, because it only tells you that there is an error and exits you. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

Descriptive Statistics models and forecasting models that are robust to program by yourself in excel. Review collected by and hosted on G2.com.

LK
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

I am particularly interested in analysis and modelling statistical data, namely the time series. Particularly, I appreciate simple manipulation with data and consistency with many excel procedures. Also, the support documents, manuals and various tutorial type products, which NumXL provides to the clients. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

Sorry, I do not understand this question? Which problem are you addressing?

In case of NumXL I do respect this product in all its particular functions. In my view, this product is more that competitive with other price equivalent products. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

As already indicated - time series analysis, however also broad spectrum of regression analysis. Applications of statistics helped me to improve significantly values of my presentation - both publications as well as oral presentations Review collected by and hosted on G2.com.

Linda D.
LD
Director, Analytics
Information Technology and Services
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about NumXL?

It is a tool with a very intuitive and easy to handle interface, with many functionalities, and also very reliable to create any type of graphic you want. In addition to its excellent functions and good system support, when presenting problems with the tool, it has a super receptive technical support that is responsible for giving immediate answers to the needs presented by users. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

So far I have not presented any inconvenience, and when I presented them, I was immediately attended by the technical support of the software and immediately responded to my request and my needs, therefore, I have no concerns to say about the software. Review collected by and hosted on G2.com.

Recommendations to others considering NumXL:

I recommend to all organizations, so that they can carry out their calculations and statistics in an efficient and dynamic way and at the same time take it hand in hand with excel, NumXL allows you to apply advanced econometric analysis quickly and easily through its intuitive user interface in excel This tool allows you to perform various functions such as analyzing, building and forecasting the data and graphics presented in the organization. If your staff has previously used Excel, with NumXL it becomes faster and easier to adapt since its interface is almost similar. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

It is a tool that we use in the organization to reinforce Excel, we work together with the two because they are similar tools in functions. NumXL has helped us to work in a lighter and more dynamic way the part of analyzing, building, validating, testing and forecasting our graphs and calculations of all the operations that are carried out in the organization. With it we can make a follow-up of our models and at the same time make changes in the data and share among the members for some modifications that merit. Review collected by and hosted on G2.com.

Lauren T.
LT
Teacher
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about NumXL?

I love the compatibility of this software as well as the ease of use. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

I legitimately cannot think of a single thing that I disliked about the system when I was using it in HR. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

Solutions included finding profitability in our F&B department as well as projecting next year's sales. Review collected by and hosted on G2.com.

Miguel R.
MR
Associate Director Economics & Policy
Food Production
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

Easy interface, excellent support and lots of good white papers with easy to understand examples. Good software for basic, medium econometric needs at the business level. No programing necessary. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

Lack of simultaneous equations and parameter restrictions. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

Business forecasting, volatility forecasting. Review collected by and hosted on G2.com.

Bikramaditya G.
BG
Entreprenuer
Research
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

Simplicity, ease at operations and ease of interpretations. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

Less number of graphs and absence of neural network or random forest/ Support Vector Machine. Review collected by and hosted on G2.com.

Recommendations to others considering NumXL:

People can use it for user friendly way of simple statistical tool to complex analytics in one shot. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

I am using it as part of my regular academic research and not for any business purpose. Review collected by and hosted on G2.com.

Francois L.
FL
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

I was initially looking for an Excel-based solution to perform seasonal adjustments on my economic time series as I found X-13 Arima-Seats to be very cumbersome and NumXL exceeded my expectations with its user-friendly add-in interface. I followed their online tutorials which usually comes with Excel spreadsheets to showcase how it’s done and everything worked very intuitively. The software comes with other tools that might come in handy (Descriptive Stats, Statistical Tests, Modeling, etc.) depending on the financial research topic / assignment you are working on. In my case, I also use multiple regressions often and I was happy to find out the software comes with a more advanced version of this Excel tool. It also allowed me while crafting my model to take decisions about variables to include or exclude based on one-click statistical tests such as the Multi-Collinearity test. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

Nothing, the 1.63 Shamrock version seems stable and loads fast as you open your Excel. I am currently using Excel 2010 but the site states it works well with previous Excel versions. Also it does not seem to create any compatibility issue with the Bloomberg API. Review collected by and hosted on G2.com.

Recommendations to others considering NumXL:

I had a specific question that was not covered in the tutorials and I got an answer within 24h which proves NumXL is a developer listening to its customers and therefore worth purchasing the product from. Thanks again! Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

Seasonal adjustments of various economic time series for modeling purposes and more. Review collected by and hosted on G2.com.

Verified User
U
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

NumXL is an extremely useful suite of statistical analysis tools that allow users to easily perform a wide set of tasks relevant to empirical work ranging from data summary to forecasting. The interface is intuitive and easy to use and the application is constantly being updated and further developed. The app itself deserves high praise as I do not think there is any comparable tool at least for Excel. However, in my opinion, the responsiveness and genuine customer service vocation of the team of developers is what sets NumXL apart from other Excel add-ins. The team behind NumXL is very eager to troubleshoot the app with a confused user (even late on a sunny Friday afternoon via phone) or to choose which features to add next based on customer surveys. Add to this a comprehensive set of white papers and examples and the result is an absolutely indispensable software for anyone doing empirical work using Excel (financial analysts, scientists, marketing analysts, journalists, office managers, supply chain managers, etc.). Review collected by and hosted on G2.com.

What do you dislike about NumXL?

There's nothing about NumXL I don't like. And whenever there is a feature I'd like to see, the development team of NUMXL tends to be very responsive to suggestions/requests. Review collected by and hosted on G2.com.

Recommendations to others considering NumXL:

Buy it Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

Enables me to forecast, estimate, and perform all sorts of relatively advanced statistical analyses within Excel and without having to send the data to other statistical software such as R or Stata Review collected by and hosted on G2.com.

Calen C.
CC
Project Coordinator
Consumer Goods
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

Very easy to work with, especially being a simple add-on in Excel. I can easily seasonally adjust all data, forecast, and more. The customer support is one of the best I have ever experienced, which has been a huge benefit. I have reached out with questions late on Sunday evenings and have gotten them answered immediately. Now that is customer support! Review collected by and hosted on G2.com.

What do you dislike about NumXL?

Nothing. At first it may seem complex, but the online tutorials and customer support literally walk you thru everything you need to do. Review collected by and hosted on G2.com.

Recommendations to others considering NumXL:

Try the free trial first. Watch the video tutorials and reach out to customer support with any questions. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

Working with many years of data for multiple sectors to seasonally adjust, find trends, and even forecast. I have come to realize how easy NumXL makes all of this with an easy to use add-on in Excel, along with top notch video tutorials and customer support. Review collected by and hosted on G2.com.

VT
More Options
Validated Reviewer
Review source: Organic
What do you like best about NumXL?

Great product with fantastic customer services.

User Friendliness is the foremost strength I reckon. Its functions are intuitive and easy to follow. Online tutorials are fantastic and videos are amazing. Customer service is outstanding and very good value for your money overall.

I reckon its a strong bridge between excel and any other sophisticated Statistical Software. Pure Statistical software could be expensive and intimidating to use. This one covers most of the high-end stats used generally.

I thoroughly recommend it. Review collected by and hosted on G2.com.

What do you dislike about NumXL?

Difficult question to answer. I would have to explore it lot more to something needed. That too if I could. For routine to advance statistical work, this is fantastic. Review collected by and hosted on G2.com.

Recommendations to others considering NumXL:

Though I am still using trial version, however I would happily pay for this service. This is MUST-HAVE add-in in excel. Review collected by and hosted on G2.com.

What problems is NumXL solving and how is that benefiting you?

I am using it for my research work. It has expedited lots of my work. Excel suffers from lots of issues even in simple analysis like Linear regressions. For example, what happens to pairs with missing values? Excel has no way out to such a commonly occurring issue. NumXL does. which makes my coefficients robust. Simple and yet powerful tool. Could not explore lot more, but I am sure ill find lots of hidden treasures in it. Review collected by and hosted on G2.com.