Cryptocurrency Q&A
How to calculate correlation coefficient in Excel?
How to calculate correlation coefficient in Excel?
SumoHonor
Mon Dec 09 2024
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6 answers
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I need to calculate the correlation coefficient in Excel for two sets of data, but I'm not sure how to do it. I've heard of the CORREL function, but I don't know how to use it properly. Can someone guide me through the steps?
6 answers
AzrilTaufani
Wed Dec 11 2024
The formula in question is "=CORREL(array1,array2)".
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DavidLee
Wed Dec 11 2024
Within this formula, "array1" represents the set of data for variable x.
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SakuraBloom
Wed Dec 11 2024
Similarly, "array2" denotes the set of data for variable y.
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CryptoWizardry
Wed Dec 11 2024
To input these arrays into the formula, users need to select the respective cell ranges for both sets of data.
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CryptoPioneer
Wed Dec 11 2024
To determine the correlation coefficient in Excel, a specific formula is utilized.
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