Talking about Microsoft Excel, it can’t be denied that people can take a lot of benefits from this handy tool and running a regression through the program is just one of them. This is a tool which obtained by the Data Analysis add-in. So, how to run a regression in Excel? And how to make a line graph in Excel? Just take a look at the following steps.
Tell Excel What You Want
The first thing you should do is telling Excel that you need to participate in the big leagues simply by pressing the Data Analysis command button. It can be found on the Data tab.
Select the Regression Tools Provided
Then, you need to choose the Regression tool that can be taken from the Analysis Tools list once the Microsoft Excel shows the Data Analysis dialog box. Then you can click OK and you can start the regression tool.
Identify the X and Y Values
If you have selected between the regression tools, now it comes the time to identify your X and Y values. You can use the input Y range text box to help you identify the range of worksheet that contains the dependent variables. After that, you can move to use the input X range text boy which functions to identify the reference range of worksheet that contains the independent variables. You need to keep in mind that the input ranges should be placed in a single column of values. In addition, you can select the Label check box if you want your input ranges that contain a table.
Set the Constant to Zero
This is optional. But, you have to keep in mind that if your regression line starts at zero, then you need to choose the Constant Is Zero check box.
Choose a Location for the Analysis Results of the Regression
The next step on how to run a regression in Excel is selecting the location. To do this, you need to use the Output Options radio buttons as well as text boxes. This is aimed to help Excel to specify the place for the analysis results of the regression. For example, if you want to put the regression results to a different place, then you can choose another option in the radio button.
Identify the Data You Wish to Return
The last step on how to run a regression in Excel is by identifying the data that you intend to return. To do this, you have to choose from the Residuals check box. It will help you to identify the results of residuals that you want to return as the part of regression analysis results. Then, click OK.