Excel Part 5

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Table of Contents

Analysis Tool pack ......................................................................................................................................... 2


Descriptive Statistics ..................................................................................................................................... 2
Histogram ...................................................................................................................................................... 3
Sampling........................................................................................................................................................ 3
Correlation .................................................................................................................................................... 4
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Analysis Tool pack


 Go to file (or circle button) and choose Excel option
 From left side choose Add-In and click on Go button
 Choose analysis tool pack add in
 Press OK

Descriptive Statistics
 Go to data –> Data Analysis
 Choose Descriptive Statistics from the window
 Input range will be the numeric column for which you need
analysis
 If header is selected then label option will be check
 Give output option
 Check statistical analysis check box
 Press OK
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Histogram
 Go to data –> Data Analysis
 Choose Histogram from the window
 Input range will be the numeric column for which you need
analysis
 Select the Bin column where you have specify your group or range
 If header is selected then label option will be check
 Give output option
 Check options for analysis
 Press OK

Sampling
 Go to data –> Data Analysis
 Choose Sampling from the window
 Input range will be the numeric column for which you need
analysis
 If header is selected then label option will be check
 Specify sampling method
o Periodic: specify every nth number for sampling
o Random: specify total number of samples
 Give output option
 Check statistical analysis check box
 Press OK
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Correlation
 Go to data –> Data Analysis
 Select Correlation and click OK.
 Give the Input range
 Specify the output range
 Press OK

Exponential Smoothing
1. Go to data –> Data Analysis
2. Select Correlation and click OK.
3. smooth
4. Click in the Damping factor box and type 0.1 to 0.9. Literature
often talks about the smoothing constant α (alpha). The value (1-
α) is called the damping factor. Higher Damping factor (lower
alpha) means more smoothness, lower Damping factor (Higher
alpha) means less smoothness
5. Click in the Output Range box and select cell B3.
6. Click OK.

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