Using the Sun Coast data set (SunCoastDataFiles_StudentGuide.xlsx), perform a correlation analysis, simple regression analysis, and multiple regression analysis, and interpret the results

Correlation Analysis

A correlation analysis tests for a relationship between two variables. Either a positive relationship can be tested, in which an increase of one variable leads to an increase of the other variable or a negative relationship where the opposite happens.

The Analysis ToolPak is required to perform Excel correlation analyses. Go to the Data tab on the ribbon, and then click the “Data Analysis” button. You will be prompted to install the Analysis ToolPak if it isn’t already installed. After the ToolPak has been installed, the Correlation tool can be used to analyse the relationship between variables.

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