You can work with ANOVA, histograms, t-tests, correlations, descriptive statistics, regression and much more. Now, all you need to do is analyze them using your knowledge of statistics. Everything is done automatically: you enter data, choose a required statistical tool and results are presented to you. The best thing about using Excel for this purpose is that you don’t have to use complicated formulas (though you certainly can, if you want to). Maybe not in full detail like SPSS or R, but for the most basic statistical analysis it will be adequate.
However, Excel can perform some simple statistical analysis as well. Today we are going to show you how to turn on the statistical analysis add-in in MS Excel.Įxcel is excellent when it comes to financial analysis, creating reports, and performing calculations.
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