Compute Coefficient of Determination in Excel with CORREL and POWER Functions

This is the first of series of videos on how to compute coefficient of determination or r squared in Excel. On this video, we will use Excel CORREL and POWER functions.

Learn Statistics in easy-to-understand explanation.

What you will learn:
1. What is coefficient of determination or r squared?
2. How to compute correlation coefficient or r?
3. How to compute correlation coefficient in Excel using CORREL function?
4. What are the two ways on adding formula in Excel?
5. How to get more information on CORREL function through internet browsing?
6. Compute coefficient of determine by squaring the correlation coefficient.
7. How to use Excel POWER function?
8. How to interpret the coefficient of determination?

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