+ Reply to Thread
Results 1 to 4 of 4

Statistics vs Excel

Hybrid View

  1. #1
    Forum Guru
    Join Date
    04-13-2005
    Location
    North America
    MS-Off Ver
    2002/XP, 2007, 2024
    Posts
    16,396

    Re: Statistics vs Excel

    Most definitely a statistics question before an Excel question.

    Unfortunately, I don't have a strong enough background in statistics to explain it to you, but I can infer enough to maybe get you started.

    The LINEST function can output supplementary statistics from its regression of the data. I'm not enough of a statistician to tell you how, but I believe that somewhere in the interpretation of those numbers is information about how much information each coefficient contributes to y. In the help file for the LINEST function (at least in my version of Excel) is an example (#5) that shows how to perform a simple T test to determine if a given coefficient is or is not significant in predicting y. This test is also described in my old intro to stats textbook. If your scenario is a regression of some kind, I expect someone with a good knowledge of statistics could use the information from the LINEST function to infer which variables are important. (I also wouldn't be surprised if such a person also had as a motto, "Friends don't let friends use Excel for statistics." )

    HTH

  2. #2
    Registered User
    Join Date
    05-17-2012
    Location
    Miami
    MS-Off Ver
    Excel 2010
    Posts
    3

    Re: Statistics vs Excel

    Will look into it! thanks!

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1