Learn how to create a Correlation Matrix in Excel quickly and easily in just 4 minutes! This step-by-step tutorial covers everything from enabling the Analysis ToolPak Add-in to building a colored correlation heatmap and correlation table for better data visualization. Understand what a correlation matrix tells us, how to fill in the blanks for missing data insights, and how to interpret the values in your correlation table. Perfect for anyone looking to enhance their Excel skills and analyze data with precision!
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Chapters:
0:00 – Overview of Data
0:18 – Enable Analysis ToolPak Add-in
0:46 – Create a Correlation Matrix in Excel
1:50 – What Does Correlation Matrix Tell Us?
2:32 – Fill in the Blanks
3:21 – Create a Colored Correlation Heatmap
*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
