Hobby user here... If you think it is expensive, try out an open-source version... GNU Octave . It's free. It's very similar, albeit not as supported, and you get the source code to compile and use as your heart desires. I was using Octave for a while-- and it's pretty good. However the business case for Matlab got me to finally fork over the $$$ even though it does the same basic functionality. Here's how: I was intent on developing my own home-grown toolbox(es) to do a specific task (neural network functions with specific interfaces to play around with...) It would have taken me a month to do this on my own on Octave given my schedule. The home grown may have been tailor-made and "better" in some respects.. However, for the $150 home license (glad they finally added this option!), and the $50 for the NN toolbox.. (and a few more fifties for some other toolboxes I found helpful) I can't justify NOT spending $200+ to save many weeks work. The guys at Matlab are awesome. They do a great job and the support is fantastic. If you are hell-bent on saving every nickel-- use Octave. If you can rub a couple hundred bucks together for a home license, I'd do that (and I did). --And if I ever had a business case where I required it for business, I'd pay for the full license if it were using it in that capacity. There are lots of options.
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As a "retired" person I am happy that mathwork finally decided to have an Home edition. But it is sad that the Home edition does not offer the possibility to upgrade! Spending the money for the Home Edition and adding Toolboxes as the financial ability makes it possible is an effort well worth and justifiable at the reduced cost within the family budget. But the development related to technologies related to the design and modeling process linked to external proprietary hardware is taking place at a very fast speed makes the fact of not being able to update the tools painful.
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