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Calculating Correlation Between Two Series of Data

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    Calculating Correlation Between Two Series of Data

    Hi,

    I'm not a statistician and am an intermediate user of Excel but i want to take my knowledge to the next level and i think this could be a nice introduction!

    I have a list with hundreds of customers. Each customer has two measures (i won't bore you with how they are calculated)

    1) % Coverage by Salesman
    2) % Of Opportunity Won

    What tips and tricks can you give me to take my analysis to the next level? The example is a very limited sample and the data was made up using a formula so correlated very well, i've chucked in a couple of anamlous results to make it a bit more realistic.

    One of the main things i would like to see is a correlation "score". I suppose if the two series correlated perfectly then the score would be 100%. The less they correlate, then the lower this score gets....any idea how i can figure that out?

    In business terms, if i can run this rule over thousands of customers and get a good correlation - then it becomes a conversation with the salesman to show them that doing those pesky, boring coverage calls has a measurable impact on sales...and here is the number to prove it...

    Anyway, that's just one idea. Anyone got any other ideas of how i can interpret this data?

    Any helps or hints would be greatly appreciated!

    J
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