MATLAB 2007 has come up with many new advancements and improvements which were lacking in the previous versions. Some of them are as follows Distributed Computational Toolbox has been added in this version which will allow you to run parallel algorithms in four MATLAB sessions on your desktop. Control System toolbox has also been empowered in such a way that now you can create exact models for control loops. New categorical and dataset arrays have been introduced for organizing the statistical data. A variety of new functions have been added in order to support the categorical and dataset arrays. You can also Download Matlab 2013 which is another great alternative with latest features.
There are some new functions introduced in MATLAB 2007 like cholcov function which is used for the computation of Cholesky like decomposition . A new linehyptest performs the linear hypothesis test. MTLAB 2007 is surely a handy application and has gone through massive improvement compared to its predecessor.