Correl Formula in Excel | How to use Correl Function | Correlation in Excel | EASY Excel Tutorial

Correlation in Excel | EASY Excel Tutorial

	Table 1				Table 2
	Month	Avg Temp	Air Cond Sales		Advertising Costs	Sales
	Jan	20	100		£2,000	£20,000
	Feb	30	200		£1,000	£30,000
	Mar	30	300		£5,000	£20,000
	Apr	40	200		£1,000	£40,000
	May	50	400		£8,000	£40,000
	Jun	50	400		£1,000	£20,000
		Correlation	0.864		Correlation	28%
			=CORREL(D5:D10,E5:E10)			=CORREL(G5:G10,H5:H10)
What Does It Do ?
This function examines two sets of data to determine the degree of relationship
between the two sets.
The result will be a decimal between 0 and 1.
The larger the result, the greater the correlation.
In Table 1 the Monthly temperature is compared against the Sales of air conditioning units.
The correlation shows that there is an 0.864 realtionship between the data.
In Table 2 the Cost of advertising has been compared to Sales.
It can be formatted as percentage % to show a more meaning full result.
The correlation shows that there is an 28% realtionship between the data.
Syntax
=CORREL(Range1,Range2)
Formatting
The result will normally be shown in decimal format.