Statistical Summary

The descriptive statistics functionality automates the statistical basis analysis of a time series and performs a variety of statistical tests to better understand the underlying distribution of a data sample.

Process

To use this functionality, select the corresponding icon on the toolbar (or the menu item).

Click on the Descriptive Statistic icon in NumXL Tab

Point to the data sample on your worksheet, select the different test and summary statistics and designate a location on your sheet to print the results to.

Summary Statistics dialog

The descriptive statistics wizard performs a series of data validation checks. For instance, it ensures that a significance level is a positive number smaller than one.

Output

Upon completion, the function outputs the selected statistical summaries and their corresponding tests as formulas (instead of raw numbers) in the designated location of your worksheet

Summary Statistics output table

Tutorial Video

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