Correlation Analysis – Excel Template

Ned Krastev
Ned Krastev

One of the best techniques of preliminary data analysis is correlation analysis. It allows us to uncover possible relationships between different pairs of variables in our dataset. At the same time, we should always bear in mind that correlation does not mean causation. Correlation studies the relationship between two variables. It is very easy to apply and requires us to type a single formula with tools like Python, Excel, R, etc.

Some other related topics you might be interested to explore are Trend Analysis, Comparative Analysis, Value-Based Analysis, and Time Series Analysis.

This is an open-access Excel template in XLSX format that will be useful for anyone who wants to work as a Financial Analyst, Business Analyst, Consultant, Corporate Executive, or everyone preparing a corporate presentation.

You can now download the Excel template for free.