A method and system for computing statistical parameters for sets of data items, by executing instructions of a computer program that is coded within a spreadsheet. Each set is generated in a time sequence that is specific to each set. For each time sequence, each data item is one data value or a pair of data values. The data items appears one-at-a-time in only one cell structure of the spreadsheet at each time in the time sequence. The one cell structure is a single cell or two cells. A loop of iterations is performed for each set. In each iteration, a command is responded to by updating the statistical parameters based on the latest data item in the one cell structure in the spreadsheet. The updated statistical parameter are stored in a parameter field of the spreadsheet assigned to each statistical parameter.