enable descriptive statistics for mac excel

Enable Descriptive Statistics Excel Series Data Such

For example, if you are managing a business of several products and want to find out which product is contributing to a higher revenue, you can use this rank method in Excel.

It is used by most of the data scientists who require the understanding of statistical concepts and behaviour of the data.

But when the data set is huge or you need some specialized data analysis model such as linear or regression, you should go for advanced tools such as Python, R programming.

Here, we will go through the basic concept of statistical analysis and will apply the concepts to our own data.

Before starting, you need to check whether Excel Analysis ToolPak is enabled in Excel or not (it is an add-in provided by Microsoft Excel).

To check whether it is enabled or not, go to Excel Data and check whether data analysis option is there or not on the top right corner.

If it is not there, go to Excel File Options Add-in and enable the Analysis ToolPak by selecting the Excel Add-ins option in manage tab and then, click GO.

This will open a small window; select the Analysis ToolPak option and enable it.

These are the tests you can perform using Excel Statistical Analysis.

Descriptive Analysis You can find descriptive analysis by going to Excel Data Data Analysis Descriptive statistics.

It is the most basic set of analysis that can be performed on any data set.

It is helpful when you a have a set of data and want to have the summary of that dataset.

This will show the following statistic data for the chosen dataset.

For example, you can use ANOVA if you want to analyse the traffic of three different cities and find out which one is more efficient in handling the traffic (or if there are no significant differences among the traffic).

You will find three types of ANOVA in the Excel ANOVA single factor ANOVA two factor with replication ANOVA two factor without replication If you have three groups of datasets and want to check whether there is any significant difference between these groups or not, you can use ANOVA single factor.

If the P-value in the ANOVA summary table is greater than 0.05, you can say that there is a significant difference between the groups.

Enable Descriptive Statistics Excel Series Data Such

Moving Average Moving average is usually applicable for time series data such as stock price, weather report, attendance in class etc.

For example, it is heavily used in stock price as a technical indicator.

If you want to predict the stock price of today, the last ten days data would be more relevant than the last 1 year.

So, you can plot the moving average of the stock having a 10-day time period and you can then predict the price to some extent.

The recent temperature of a city can be calculated by taking the average of last few weeks rather than previous months.

Rank and Percentile It calculates the ranking and percentile in the data set.

Enable Descriptive Statistics For Mac Excel