Covariance Example in Excel
What is Covariance?
Imagine that you'd like to know if variation in one variable is related to the variation in another. While statistical analysis cannot prove that one thing causes another, it can determine if there is a relationship between the variables which gives a direction to the analysis.
Covariance: To understand and explore the relationships between two or more sets of numbers, QI Macros provides tools to analyze the variance (i.e., co-variance) and relationships (i.e., co-relation) between two sets of numbers.
Systolic Blood Pressure vs Weight Covariance Example
This example uses QI Macros add-in for Excel, which is much easier to use than Excel's data analysis toolpak.
1. Select the data
Select two or more columns of data:
2. Click on QI Macros menu, Statistical Tools, Regression and Other Statistics, then Covariance:
3. Evaluate the Covariance Results:
Two variables can be positively correlated (more of one means more of another) or negatively correlated (more of one means less of another).
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