Information to get started:
  • The lesson below contains step-by-step instructions and "snapshots" of what each step looks like when carried out in a Microsoft Excel workbook. Blue shading of information in the Excel illustrations denotes changes made from the previous step. Dots placed in three consecutive rows indicate that a portion of data is hidden from sight.
  • You can download an Excel workbook containing the complete data set by clicking on the "Download Data" link below. It contains each calculation step on a separate worksheet. To move between steps, click on the tabs at the bottom of the excel window.
  • When you download the file, it may open in your browser window. You may wish to use the "save as" function to save the file to a local drive and then reopen it in Excel. This will make it easier to flip between the online lesson and the example workbook.
  • Finally, we want to remind you that the techniques explained on this site are statistically based; therefore results must be viewed as predictions and not as facts. Please use the techniques and the information obtained from them responsibly!