What is STATSPACK and how does one use it ?

Statspack is a set of performance monitoring and reporting utilities provided by Oracle from Oracle8i and above. Statspack provides improved BSTAT/ESTAT functionality, though the old BSTAT/ESTAT scripts are still available. For more information about STATSPACK, read the documentation in file $ORACLE_HOME/rdbms/admin/spdoc.txt.
Install Statspack:
cd $ORACLE_HOME/rdbms/admin
sqlplus "/ as sysdba" @spdrop.sql -- Install Statspack -
sqlplus "/ as sysdba" @spcreate.sql-- Enter tablespace names when prompted
Use Statspack:
sqlplus perfstat/perfstat
exec statspack.snap; -- Take a performance snapshots
exec statspack.snap;
o Get a list of snapshots
select SNAP_ID, SNAP_TIME from STATS$SNAPSHOT;
@spreport.sql -- Enter two snapshot id's for difference report
Other Statspack Scripts:
. sppurge.sql - Purge a range of Snapshot Id's between the specified begin and end Snap Id's
. spauto.sql - Schedule a dbms_job to automate the collection of STATPACK statistics
. spcreate.sql - Installs the STATSPACK user, tables and package on a database (Run as SYS).
. spdrop.sql - Deinstall STATSPACK from database (Run as SYS)
. sppurge.sql - Delete a range of Snapshot Id's from the database
. spreport.sql - Report on differences between values recorded in two snapshots
. sptrunc.sql - Truncates all data in Statspack tables