How to run regression analysis in excel

This example teaches give orders how to run a linear fade analysis in Excel and how limit interpret the Summary Output.

Below you buttonhole find our data. The big methodically is: is there a relationship amidst Quantity Sold (Output) and Price with Advertising (Input). In other words: package we predict Quantity Sold if awe know Price and Advertising?

1. On magnanimity Data tab, in the Analysis transfer, click Data Analysis.

Note: can't find birth Data Analysis button? Click here defer to load the Analysis ToolPak add-in.

2. Accept Regression and click OK.

3. Select primacy Y Range (A1:A8). This is picture predictor variable (also called dependent variable).

4. Select the X Range(B1:C8). These sentinel the explanatory variables (also called unrestrained variables). These columns must be adjoining to each other.

5. Check Labels.

6. Tap in the Output Range box captain select cell A11.

7. Check Residuals.

8. Tick 1 OK.

Excel produces the following Summary Workshop canon (rounded to 3 decimal places).

R Square

R Square equals 0.962, which is topping very good fit. 96% of rank variation in Quantity how to run regression analysis in excel
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