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
Video: 8 Ways to Improve Parent Child Relationship 2024, December
Anonim

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.

Recommended:

5 Ways to Do a Self-Analysis

5 Ways to Do a Self-Analysis

You will always grow and change based on your personality and life experiences. So, you should regularly take time to self-analyze. This analysis helps you to reflect on your position in various aspects of life. Based on this information, you can be better prepared to make the necessary adjustments as you move on in life.

How to Write an Analysis (with Pictures)

How to Write an Analysis (with Pictures)

Analysis is a written work that discusses aspects of the document in detail. To make a good analysis, you should think about how and why the document works or has an effect. The process can be started by gathering information about the subject of the analysis and determining the questions to be answered by the analysis.

How to Write a Character Analysis (with Pictures)

How to Write a Character Analysis (with Pictures)

Learning how to write character analysis requires an in-depth reading of literary works by paying attention to character imaging through dialogue, narration, and storyline. Literature experts will write about the role of characters in a literary work.

How to Perform Trend Analysis in Excel: 15 Steps (with Pictures)

How to Perform Trend Analysis in Excel: 15 Steps (with Pictures)

This wikiHow teaches you how to create a data projection graph in Microsoft Excel. You can do this on both Windows and Mac computers. Step Method 1 of 2: Trend Analysis Using Windows Step 1. Open an Excel workbook Double-click the Excel workbook that contains your data.

How to Run Multiple Regression Analysis in Excel: 8 Steps

How to Run Multiple Regression Analysis in Excel: 8 Steps

You can easily run multiple regression analyzes using Excel when you don't have up-to-date statistical software. The analysis process is quick and easy to learn. Step Step 1. Open Microsoft Excel Step 2. Check if the “Data Analysis” ToolPak is active by clicking on the “Data” label If you don't see this option, perform the following steps to enable the add-in: