How To Do Regression Analysis In Excel?

Enable the Analysis ToolPak

Go to File

Select Options

Click Add-ins

In Manage, choose Excel Add-ins

Click Go

Check Analysis ToolPak

Click OK

Prepare your data in columns

Put the dependent variable in one column

Put the independent variable(s) in adjacent columns

Include headers if desired

Go to the Data tab

Click Data Analysis

Select Regression

Click OK

Set Input Y Range for the dependent variable

Set Input X Range for the independent variable(s)

Check Labels if your ranges include headers

Choose an output location

Select New Worksheet Ply or Output Range

Optionally set Residuals, Line Fit Plots, or other options

Click OK

Review the regression output

Check R Square

Check Adjusted R Square

Check coefficients

Check p-values

Check standard error

Check ANOVA table

Interpret the intercept and slope coefficients

Use the regression equation to make predictions

Save the workbook

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