How to Run Regression Analysis with Microsoft Excel

Table of contents:

How to Run Regression Analysis with Microsoft Excel
How to Run Regression Analysis with Microsoft Excel

Video: How to Run Regression Analysis with Microsoft Excel

Video: How to Run Regression Analysis with Microsoft Excel
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Regression analysis can help you analyze large amounts of data and make forecasts and predictions. To run regression analysis in Microsoft Excel, read the guide below.

Step

Method 1 of 2: Making Sure Excel Supports Regression Analysis

Run Regression Analysis in Microsoft Excel Step 1
Run Regression Analysis in Microsoft Excel Step 1

Step 1. Perform the following steps if your version of Excel displays a ribbon logo (Home, Insert, Page Layout, Formulas…)

  • Click button Office Button in the top left corner of the page and go to Excel Options.
  • Click Add-Ins on the left side of the page.

  • Find Analysis tool pack. If this option is already in the list of active add-ins, a regression analysis can already be performed.

    If this option is in the list of inactive add-ins, look for the drop-down menu at the bottom of the window, next to options Manage. Make sure Excel Add-Ins has been selected, and click Go. In the next window that appears, make sure the option Analysis tool pack already checked and click OK to activate it. Wait for the installation to complete, if needed.

Run Regression Analysis in Microsoft Excel Step 2
Run Regression Analysis in Microsoft Excel Step 2

Step 2. Perform the following steps if your version of Excel displays traditional toolbars (File, Edit, View, Insert…)

  • Go to Tools > Add-Ins.

  • Find Analysis tool pack. (If you don't see it, try searching it using the function Browse.)

    If Analysis tool pack be in the box Add-Ins Available, make sure the option is checked and click OK to activate it. Wait for the installation to complete, if needed.

Run Regression Analysis in Microsoft Excel Step 3
Run Regression Analysis in Microsoft Excel Step 3

Step 3. Note that Excel for Mac 2011 and above does not include an analysis tool pack

You cannot perform analysis without additional software. This is because Microsoft does not like Apple.

Method 2 of 2: Running Regression Analysis

Run Regression Analysis in Microsoft Excel Step 4
Run Regression Analysis in Microsoft Excel Step 4

Step 1. Enter the data into the evaluated spreadsheet

You should have at least two columns of numbers representing Input Y Range and Input X Range. Input Y reflects the dependent variable, while Input X reflects the independent variable.

Run Regression Analysis in Microsoft Excel Step 5
Run Regression Analysis in Microsoft Excel Step 5

Step 2. Open the Regression Analysis tool

  • If your version of Excel displays a logo tape, go to Data, search section Analysis, click Data Analysis, and select Regression from the list of tools.
  • If your version of Excel displays traditional toolbar, go away Tools > Data Analysis and select Regression from the list of tools.
Run Regression Analysis in Microsoft Excel Step 6
Run Regression Analysis in Microsoft Excel Step 6

Step 3. Define Your Y Range Input

In the Regression Analysis box, click inside Input Y Range. After that, click and drag your cursor into the Input Y Range box to select all the numbers you want to analyze. You'll see the formula you've entered into the Input Y Range box.

Run Regression Analysis in Microsoft Excel Step 7
Run Regression Analysis in Microsoft Excel Step 7

Step 4. Repeat the previous step to enter the Input X Range

Run Regression Analysis in Microsoft Excel Step 8
Run Regression Analysis in Microsoft Excel Step 8

Step 5. Change the settings if you want

Specify whether you want to display labels, residuals, plot residuals, etc. by checking the boxes provided.

Run Regression Analysis in Microsoft Excel Step 9
Run Regression Analysis in Microsoft Excel Step 9

Step 6. Decide where the results/output will appear

You can select a specific output range or send data to a new book or worksheet.

Run Regression Analysis in Microsoft Excel Step 10
Run Regression Analysis in Microsoft Excel Step 10

Step 7. Click OK

Your regression output conclusion will appear in the specified place.

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