In this video we will look at Data Analysis Toolpak in Excel. How to use it to quickly get descriptive statistics (st dev, mean, min, max), how to perform T-test, ANOVA test and regression. We will discuss differences between various tests and how to read the results/metrics of the analysis.
#statistics #dataanlytics #stats
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Dataset used in this video - https://www.kaggle.com/datasets/rohitsahoo/sales-forecasting
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Timestamps:
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00:00 Intro
01:30 Install Analysis ToolPak
02:06 Descriptive statistics
04:10 T-test
05:12 Differences between T-tests (paired two sample for means, two-sample assuming equal and unequal variances)
8:07 How to read results of T-test
11:10 ANOVA test
13:10 How many observations you need
14:26 Single Factor ANOVA, Two-factor with and without replication
16:23 Read results of ANOVA test
19:14 Linear Regression
21:53 Reading the results of regression
🎥 Other videos you might be interested in
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https://youtu.be/-8stRxINNeY
https://youtu.be/cWpgaIeF8pU
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About me
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Hi, my name is Karina and I'm a finance person turned data person.
My mission is to transform intimidating tech into accessible tools. I aim to empower 1 million people to harness the power of AI, Python, SQL, and Excel to work smarter, not harder.
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