![]() ![]() If Production increases, Revenue will also increase. So, Production and Revenue will show similar behavior. We can calculate cross-correlation without time lag in 2 ways- the CORREL function and the Data Analysis tool. Calculate Cross Correlation Without Time Lag ![]() We will calculate the cross-correlation of Production and Revenue based on the Investment.ġ. Those examples are based on the CORREL function and Add-Ins of Excel. In this article, we will show 2 examples to calculate cross-correlation in Excel. So, Y and Z are said to be cross-correlated, as both of them show the same behavior concerning X.Ģ Ways to Calculate Cross Correlation in Excel If X and Y are positively correlated, then when X increases Y will also increase.Īgain, if X and Z are the same positively co-related, Z will increase as X increases. Here, X is independent and Y and Z are dependent. We consider we have a dataset containing columns X, Y, and Z. In simple words, we can explain the cross-correlation. Y2 =Square sum of each data of the second variable X 2 =Square sum of each data of the first variable Xy =Sum, and product of the data of the first and second variables. ![]()
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