Abstract: A portable network analyzer and method having multiple channel transmit and receive capability for real-time monitoring of processes which maintains phase integrity, requires low power, is adapted to provide full vector analysis, provides output frequencies of up to 62.5 MHz and provides fine sensitivity frequency resolution. The present invention includes a multi-channel means for transmitting and a multi-channel means for receiving, both in electrical communication with a software means for controlling. The means for controlling is programmed to provide a signal to a system under investigation which steps consecutively over a range of predetermined frequencies. The resulting received signal from the system provides complete time domain response information by executing a frequency transform of the magnitude and phase information acquired at each frequency step.