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Covariance in Excel Template

The Covariance in Excel template demonstrates how the covariance metric can be calculated in Excel. Some other related topics you might be interested in are Calculating the Variance in Excel, Standard Deviation in Excel, Coefficient of Variation in Excel, Correlation in Excel You can now download the Excel template for free. The Covariance in Excel template is among the topics covered in detail in the 365 Data Science program.

Hristina Hristova
Course Author

Who is it for

This is an open-access Excel template that is going to be very helpful for Data Scientists, Data Analysts, Business Analysts and anyone who wants to know how to calculate the covariance in Excel.

How it can help you

This template can be used to determine the dependency between 2 variables. Here, we consider the size and the price of 5 houses. A Price-versus-Size plot is created to visually determine whether there is some relationship between the two variables. As expected, as the size of the property increases, its price also raises. Covariance is a metric that can tell us that without the need to plot the data.

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Covariance in Excel Template