![]() Let’s apply the Correl function in cell “C14”. where both the datasets contain positive values. In the below-mentioned example, the table contains two variables, one in column X & the other in column Y. With the help of the Correl function, I need to find the correlation coefficient between two datasets or variables. You can download this CORREL Function Excel Template here – CORREL Function Excel Template Example #1įor a Set of Positive Variables or Dataset Let us now see how to use the CORREL function in Excel with the help of some examples. To Calculate the correlation coefficient for refrigerators & air conditioner sales in the summer & winter seasons and Car models, their year of launch & price difference.Įxcel Correl function is similar to Pearson FunctionĬORREL function is used as a worksheet function & also in Excel VBA.ĬORREL function in Excel is easy to use & is a very simple function with few arguments How to use CORREL Function in Excel?ĬORREL Function is very simple to use. It is most commonly used to Calculate the correlation coefficient for two sets of values or variables, i.e., the Correlation between a particular stock or share price and the market index value. It is entered as a second cell reference or range of values.Ĭorrelation coefficients are expressed as values between +1 and -1.Ī coefficient of zero indicates, No discernable relationship between fluctuations of the variables. ![]() It is entered as a cell reference or range of values.Īrray2– It is a dependent variable. ![]()
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