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Statistical Errors in Excel



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Although this may seem a bit off topic, it may be very important to 
those who use Excel (and some other programs) to statistically 
analyze results from AB. 

The following study reports that for certain data sets, Excel's 
results can be off by as much as 8 orders of magnitude (ie, 1 
million times too low or too high). Microsoft cynics may not be 
surprised by this, but I find it shocking that this "flaw" is in 
Excel "by design" according to authors of the study. Apparently 
Excel uses a mathematical short cut for some statistical sums that 
works in many cases but fails in other.

http://web.polmeth.ufl.edu/papers/99/altmcd99.pdf

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