Warning
THIS PACKAGE IS HIGHLY UNSTABLE AND NOT READY FOR USE! CHECK BACK SOON!
vatic software is a predictive-modeling, simulation, and analysis spreadsheet application. It is designed to be a viable open-source alternative to commercial packages like Crystal Ball, @Risk and ModelRisk. It relies on powerful Monte Carlo simulation and statistical analysis methods to reduce the risk of uncertainty. Using the popular Python programming language, even more control can be gained by utilizing the API directly, which means that you can utilize other popular packages like NumPy, SciPy, and Matplotlib to further enhance the computing capabilities of vatic!
To be honest, virtually anything that you can model using the popular Microsoft Excel. Need to predict the likelihood that a business venture will be successful? Want to know how many assemblies will be scrapped? What are the chances you'll finish your project on time and within budget? These are the kinds of questions that can be answered because vatic takes the guesswork out of decisions where you don't know precisely what will happen.
Again, virtually anyone who has access to Microsoft Excel and can construct sufficient numerical models. You don't need to have advanced knowledge of statistics because that all happens in the background.
The word vatic is a Latin-English contraction of vates and -ic that appears to have been first created in the early 17th century. Generally, it means "describing or predicting what will happen in the future".