Statistical coefficients and Excel
Written on 11 January 2022, 10:32am
Tagged with: data visualization, Excel, science, statistics
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Here is how to use Excel in order to answer the question below:
The correlation coefficient is calculated in Excel using the correl()
function: =CORREL(B4:B9;C4:C9)
The determination coefficient is calculated in Excel using the rsq()
function: =RSQ(B4:B9;C4:C9)
Of course, the coefficient of determination (R^2) can also be calculated as (correlation coefficient) ^ 2
Note: instead of the correl() function, you can also use the formula as here. You will arrive at the same result.
The R-squared of the data set can be also shown by Excel if the data points are plotted in a chart and a linear trendline is added:
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