You can calculate the correlation coefficient to find the correlation between any two variables, whether they are market indicators, stocks, or anything else that can be tracked numerically.

How to Use the CORREL Function in Excel . Now that you understand what the CORREL function does and how to prepare your data, let's walk through an example to see how the CORREL f ...

At times it is desirable to have independent variables in the model that are qualitative rather than quantitative. This is easily handled in a regression framework. Regression uses qualitative ...

This function is used for input variable screening, because only eight of its input variables have a non-zero effect on the response, and their coefficients are ...