How to use COVAR function in Excel
Summary: This tutorial will guide you on how to use the COVAR() function in Excel. The COVAR() function is used to find the covariance of two sets of data, which is an important concept in statistics that measures the degree to which two variables change together.
Step 1: Understand the COVAR function
The syntax for the COVAR() function is:
=COVAR(array1, array2)
Here's what each parameter stands for:
array1: The first array or range of data.array2: The second array or range of data.
Step 2: Use the COVAR function
Suppose you have two arrays of data (Array1: A1:A5 and Array2: B1:B5) and you want to find the covariance between these two sets. You would use the COVAR() function like this:
=COVAR(A1:A5, B1:B5)
This function will return the covariance between the two data sets.
For a more in-depth understanding of the COVAR() function, you may find these resources helpful:
