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Calculating and Displaying Regression Statistics in Excel

This document provides instructions for calculating and displaying regression statistics in Excel. It explains that the Analysis ToolPak add-in is required and how to install it if needed. The instructions then describe how to arrange the data, run the regression analysis via the Data Analysis tool, and interpret key results like the R-squared and p-values. It concludes by explaining how to generate a scatter plot with regression line and display the equation and R-squared value on the chart.

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dickson phiri
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97 views

Calculating and Displaying Regression Statistics in Excel

This document provides instructions for calculating and displaying regression statistics in Excel. It explains that the Analysis ToolPak add-in is required and how to install it if needed. The instructions then describe how to arrange the data, run the regression analysis via the Data Analysis tool, and interpret key results like the R-squared and p-values. It concludes by explaining how to generate a scatter plot with regression line and display the equation and R-squared value on the chart.

Uploaded by

dickson phiri
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Calculating and displaying regression statistics in Excel

Note: the Analysis TookPak is no longer included in Excel for the Mac. You need to download a third party analysis
program to perform some statistical tests. These instructions apply to Excel for Windows.

You will need to have the Data Analysis add-in installed to your version of Excel to run statistical tests. If you click on the
“Data” menu tab and see the “Data Analysis” option as below, then the add-in is already installed.

If you do not see the “Data Analysis” option, you will need to install the add-in. Depending on the version of Excel you
are using, you do this by clicking on the Office button in the top left corner, and selecting the “Excel Options” button
(below left), or clicking on the “File” tab and then the “options” button (below right).
You will then see the Excel Options menu (left): click
on the “Add-Ins” button and select the “Analysis
ToolPak” and click the “Go” button to install. The
“Data Analysis” tab should then appear in the
“Data” menu as shown above

To run the regression, arrange your data in columns as seen below. Click on the “Data” menu, and then choose the
“Data Analysis” tab. You will now see a window listing the various statistical tests that Excel can perform. Scroll down to
find the regression option and click “OK”.

Now input the cells containing your data. In the menu box,
click in the “Input Y Range” box and then use the cursor to
select the column containing the data for the dependent
variable. As you select the cells in your spreadsheet, the
range should also appear in the menu box window. Repeat
the process for “Input X Range” and your independent
variable data. When everything looks good, click “OK”. You
will now see the results of your statistical test (unless you
selected otherwise, by default the results will open in a new
worksheet).
Among the variables that appear in the results sheet (left),
depending on your experiment the most important result is
the R square value, highlighted at left in the pink cell. You
then report the R2 value in your text when you describe
your statistical results. If you include a figure showing your
regression analysis, you should also include this value in the
figure. Steps for doing this appear below.

You can also see the p-value (in red box) indicating whether
or not the test is statistically significant (i.e. if p < 0.05). In
this example, the p-value is 0.00018.

Create your regression curve by making a scatter plot. Add the regression line by choosing the “Layout” tab in the “Chart
Tools” menu. Then select “Trendline” and choose the “Linear Trendline” option, and the line will appear as shown
above. To add the line equation and the R2 value to your figure, under the “Trendline” menu select “More Trendline
Options” to see the “Format Trendline” window shown below. Select the boxes next to “Display equation on chart” and
“Display R-squared value on chart” and you are all set. (Note that you do not need to go through the “Data Analysis”
steps above to calculate your R2 value if you use this method – Excel will do that automatically).

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