Calculating the Pearson correlation coefficient can be complicated but software makes it much easier. You can use several methods to calculate correlation in Excel.

Fact checked by Yarilet Perez Reviewed by Chip Stapleton What Is Correlation? Correlation measures the linear relationship between two variables. It gives an indication of the strength of the ...

How to Make a Graph in Excel With Word and Number Variables. Microsoft Excel can perform numerous statistical functions, as well as create charts from statistical data. Statistical data includes ...

Learn how the correlation coefficient helps investors gauge relationships between variables, aiding in portfolio diversification and risk management strategies.

You can make an Excel scatter plot assigning one of the variables in each record to the x-coordinate and one to the y-coordinate on a standard graph axis.