How to analyse correlations?

sonic99

New Member
Joined
Jul 12, 2019
Messages
10
Price change % is my column of interest. I would like to measure whether or not there are correlations between Price change % and any of the other columns. What visualisations would be best for this?
What I've tried so far is creating pivot tables and grouping by Production year, Category, Margin % and Category 2 and sorting by Price change %. I've then attempted a scatter graph by displaying the Production year on the x axis and Margin% on the y axis. Does this make any sense? Or must I have the Price change % as one of the axis? Also, I haven't been able to introduce attentional measures to the scatter graph. Would it be beneficial to do so to measure the correlation when multiple groups are combined. Eg a certain combination of Category 2 + Production year.
What MS visualisations or other tools in Excel would you recommend for me to use in order to assess correlations?

MtM2H.png
 

Excel Facts

Select all contiguous cells
Pressing Ctrl+* (asterisk) will select the "current region" - all contiguous cells in all directions.
Did you find a good solution here? I'm having the same problem right now.

It is better to start your own discussion, including details that are specific to your problem. (Use the new XL2BB add-in instead of screenshots.)

I'll bet your problem is not exactly the same as sonic99's (i.e. same example), unless this is a class assignment.
 
Upvote 0

Forum statistics

Threads
1,224,823
Messages
6,181,170
Members
453,021
Latest member
Justyna P

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top