Correlations and Significance

hellcat83

New Member
Joined
Aug 16, 2011
Messages
44
Hi

I'm trying to do some fairly simple statistics using excel and I'm struggling to find the built in functions.

I have 2 columns of data and want to calculate the correlation co-efficient of the two data sets, one against the other. This if fairly simple.

I also want to calculate the statistical significance of that correlation. I can't seem to fins a function for that and wondered if anyone had ever done that before.

Cheers
jim
 

Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.
Correlation is:

=CORREL(array1,array2)

There are also many statistical functions such as t scores and the like, but I haven't used them in so long that I can't tell you what they are or exactly how they work. If you open the Insert Function dialog box, you can select "Statistical" from the category drop down and browse all of the available functions.

Hope this helps.
 
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