When
to Use Correlation
Imagine that you'd like to know if a person's weight is related
to their systolic blood pressure. Does it increase or decrease with
weight?
To understand and explore the linear relationships between
two or more sets of numbers, Excel provides tools to analyze the
variance (i.e., covariance) and relationships
(i.e., co-relation) between two or more sets of numbers.
Here is an example of the correlation analysis in Excel using the
QI Macros.
1. Select the data
Select two or more columns of data:
2. Click on the QI Macros menu and
choose Anova then Correlation:

3. Evaluate the Correlation Results:

Two variables can be positively correlated (more of one means more
of another) or negatively correlated (more of one means less of
another). In this case, Systolic vs systolic is 1 (perfectly correlated).
Systolic vs Weight is 0.804464 (a strong positive correlation).
If the correlation is greater than 0.80 (or less than -0.80), there
is a strong relationship.
Correlation Results will always be between -1 and 1
1 = Positive Correlation
-1 = Negative Correlation
0 = No Correlation
Regression Analysis
If you'd like more information, run regression
analysis on the data. Correlation is the "Multiple R"
in the results. Excel will also calculate a p value for the null
hypothesis (H0 = no correlation.)

The QI Macros
Statistical Process Control software takes two or more rows/columns
of data and formats them in the ideal way for Excel to process them
which saves you from having to figure out how to use Excel's Data
Analysis Toolpak. Statistical functions in the QI Macros include:
Download
the FREE 30-day Evaluation copy of the QI Macros Excel SPC Software for Six Sigma
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