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ROV Bizstats

ROV BizStats is an applied statistics toolkit that comprises over 170 business intelligence and business statistics methods for the day-to-day statistical analysis. It includes Charts (2D/3D Area/Bar/Line/Point, Box-Whisker, Pareto, Q-Q, Scatter), Distributional Fitting (Akaike, Chi-Square, Kolmogorov-Smirnov, Kuiper’s Statistic, among others), Generalized Linear Models (Logit, Probit, and Tobit), Data Diagnostics (Autocorrelation, ACF/PACF, Heteroscedasticity, Descriptive Statistics), Forecast Prediction (ARIMA, Fuzzy Logic, GARCH models), Econometric Analysis, J/S Curves, Neural Network, Time-Series, ANOVA, Multivariate Analysis, and so forth

ROV BIZSTATS is an applied statistics toolkit that is focused on user friendliness but is still powerful enough to solve most day-to-day statistical problems. As a standalone software, it will also work with the existing data in your spreadsheets, providing detailed reports complete with analytical results and in-depth explanations of the results.

The ROV BizStats software utilizes the following models and methods:

1. Absolute Values
2. ANOVA: Randomized Blocks Multiple Treatments
3. ANOVA: Single Factor Multiple Treatments
4. ANOVA: Two Way Analysis
6. Auto ARIMA
7. Autocorrelation and Partial Autocorrelation
8. Autoeconometrics (Detailed)
9. Autoeconometrics (Quick)
10. Average
11. Combinatorial Fuzzy Logic Forecasting
12. Control Chart: C
13. Control Chart: NP
14. Control Chart: P
15. Control Chart: R
16. Control Chart: U
17. Control Chart: X
18. Control Chart: XMR
19. Correlation
20. Correlation (Linear
21. Count
22. Covariance
23. Cubic Spline
24. Custom Econometric Model
25. Data Descriptive Statistics
26. Deseasonalize
27. Difference
28. Distributional Fitting
29. Exponential J Curve
31. Heteroskedasticity
32. Lag
33. Lead
34. Limited Dependent Variables (Logit)
35. Limited Dependent Variables (Probit)
36. Limited Dependent Variables (Tobit)
37. Linear Interpolation
38. Linear Regression
39. LN
40. Log
41. Logistic S Curve
42. Markov Chain
43. Max
44. Median
45. Min
46. Mode
47. Neural Network
48. Nonlinear Regression
49. Nonlinear Models
50. Nonparametric: Chi-Square Goodness of Fit
51. Nonparametric: Chi-Square Independence
52. Nonparametric: Chi-Square Population Variance
53. Nonparametric: Friedman Test
54. Nonparametric: Kruskal-Wallis Test
55. Nonparametric: Lilliefors Test
56. Nonparametric: Runs Test
57. Nonparametric: Wilcoxon Signed-Rank (One Var)
58. Nonparametric: Wilcoxon Signed-Rank (Two Var)
59. Parametric: One Variable (T) Mean
60. Parametric: One Variable (Z) Mean
61. Parametric: One Variable (Z) Proportion
62. Parametric: Two Variable (F) Variances
63. Parametric: Two Variable (T) Dependent Means
64. Parametric: Two Variable (T) Independent Equal Variance
65. Parametric: Two Variable (T) Independent Unequal Variance
66. Parametric: Two Variable (Z) Independent Means
67. Parametric: Two Variable (Z) Independent Proportions
68. Power
69. Principal Component Analysis
70. Rank Ascending
71. Rank Descending
72. Relative LN Returns
73. Relative Returns
74. Seasonality
75. Segmentation Clustering
76. Semi-Standard Deviation (Lower)
77. Semi-Standard Deviation (Upper)
78. Standard 2D Area
79. Standard 2D Bar
80. Standard 2D Line
81. Standard 2D Point
82. Standard 2D Scatter
83. Standard 3D Area
84. Standard 3D Bar
85. Standard 3D Line
86. Standard 3D Point
87. Standard 3D Scatter
88. Standard Deviation (Population)
89. Standard Deviation (Sample)
90. Stepwise Regression (Backward)
91. Stepwise Regression (Correlation)
92. Stepwise Regression (Forward)
93. Stepwise Regression (Forward-Backward)
94. Stochastic Processes (Exponential Brownian Motion)
95. Stochastic Processes (Geometric Brownian Motion)
96. Stochastic Processes (Jump Diffusion)
97. Stochastic Processes (Mean Reversion with Jump Diffusion)
98. Stochastic Processes (Mean Reversion)
99. Structural Break
100. Sum
101. Time-Series Analysis (Auto)
102. Time-Series Analysis (Double Exponential Smoothing)
103. Time-Series Analysis (Double Moving Average)
104. Time-Series Analysis (Holt-Winter’s Additive)
105. Time-Series Analysis (Holt-Winter’s Multiplicative)
106. Time-Series Analysis (Seasonal Additive)
107. Time-Series Analysis (Seasonal Multiplicative)
108. Time-Series Analysis (Single Exponential Smoothing)
109. Time-Series Analysis (Single Moving Average)
110. Trend Line (Difference Detrended)
111. Trend Line (Exponential Detrended)
112. Trend Line (Exponential)
113. Trend Line (Linear Detrended)
114. Trend Line (Linear)
115. Trend Line (Logarithmic Detrended)
116. Trend Line (Logarithmic)
117. Trend Line (Moving Average Detrended)
118. Trend Line (Moving Average)
119. Trend Line (Polynomial Detrended)
120. Trend Line (Polynomial)
121. Trend Line (Power Detrended)
122. Trend Line (Power)
123. Trend Line (Rate Detrended)
124. Trend Line (Static Mean Detrended)
125. Trend Line (Static Median Detrended)
126. Variance (Population)
127. Variance (Sample)
128. Volatility: EGARCH
129. Volatility: EGARCH-T
130. Volatility: GARCH
131. Volatility: GARCH-M
132. Volatility: GJR GARCH
133. Volatility: GJR TGARCH
134. Volatility: Log Returns Approach
135. Volatility: TGARCH
136. Volatility: TGARCH-M
137. Yield Curve (Bliss)
138. Yield Curve (Nelson-Siegel)

How do I install the software?

Make sure that you have administrative rights to install the software, and that your system requirements match or exceed those required in Item 1 above. In addition, make sure you have .NET Framework 2.0, 3.0, 3.5 or later already installed on your computer. Then, simply download the trial or full version of the software, double click on the exe file, and follow the instructions. Make sure to first uninstall any older versions of Risk Simulator before attempting to install a new version.

Resolution Issues

In WIN7 and Vista, users have the option to change the screen resolutions by “zooming in/out” and not just using a regular resolution change. When changing resolutions the regular approach (e.g., changing from 1280 x 800 to 1080 x 680) will not affect ROV software look and feel. However, using the zoom function does mess up some visuals (this is true of all software out there, and Windows actually even provides a warning message explaining this). The first two figures illustrate some effects of this zoom view.
Solution: Click on Start > Control Panel > Appearance and Personalization > Display and you see the user interface (see the third figure below). Change the view back to “Smaller 100% (Default)” then log-off and log-on to take effect and the RS/SLS software will display normally and correctly.


Real Options Valuations and his CEO/Chairman Dr. Johnathan Mun are the software’s creator. These products including consulting and training activities have delivered and implemented in many Fortune 500 firms (from 3M, Airbus, and Boeing to GE and Motorola) and the government (Department of Defense, State and Federal Agencies, Central Banks, Regulators) on risk analysis, valuation, and real options. Dr. Johnathan Mun and his worldwide collaborators (risk managers, specialists and researchers) have written many books and peer-reviewed papers on the risk management and decision making, including Real Options Analysis: Tools and Techniques, 1st and 2nd Edition (Wiley Finance, 2002, 2005); Real Options Analysis Course: Business Cases (Wiley Finance, 2003); Applied Risk Analysis: Moving Beyond Uncertainty in Business (Wiley, 2003); Valuing Employee Stock Options Under 2004 FAS 123 (Wiley Finance, 2004); Modeling Risk: Applying Monte Carlo Simulation, Real Options Analysis, Forecasting and Optimization (Wiley, 2006); Advanced Analytical Models: 800 Functions and 300 Models from Basel II to Wall Street and Beyond (Wiley 2008); The Banker’s Handbook on Credit Risk: Implementing Basel II (Elsevier Academic Press 2008); and others. Real Options Valuation, Inc. develops advanced analytical software products and IT solutions, consulting, and training services in a joint venture with OSL Risk Management, Ltd.