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EXCEL COVARIANCE.P FUNCTION
Excel COVARIANCE.P Function Introduction
The COVARIANCE.P function in Excel computes the population covariance of two sets of data. Because the function is new in Excel 2010, it is not available in previous versions of Excel. The Covariance.P function, on the other hand, is merely an improved version of the Covar function, which was accessible in older versions of Excel.
Description of Excel COVARIANCE.P Function
Syntax :
=COVARIANCE.P(array1, array2)
Parameters :
- Array1 and array2 are two equal-length arrays containing numeric values.
- It should be noted that if the given arrays include text or logical values, the Covariance.P function will disregard them.
Step By Step Guide of COVARIANCE.P Function
Example :
The spreadsheet on the right has two sets of values in columns A and B. The population covariance of the values in the spreadsheet’s columns A and B may be determined using the Excel Covariance.P function, as shown below: =COVARIANCE.P ( A2:A9, B2:B9 ) This yields 16.633125, indicating a positive correlation between the two sets of data.
Key Points
- #N/A – Occurs if the lengths of the two given arrays disagree.
- #VALUE! – This error occurs when one or both of the given arrays are empty.
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