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I'm using Excel 2003 under XP Professional to examine the relationship, if
any, between two sets of data - let's call them 'audit score' and 'profit'. I have 74 data points for each set. When I graph the data points in an XY scatterplot and then add a trendline to the data series, I get a slope for the line of .033. However, when I use the correlation function in data analysis, I get a .0185. I thought these two numbers should be the same. Although the difference is not very large, the difference gets noticeable when I look at certain subsets of the data; on one subset, the numbers come out identical to the fourth decimal place. Any thoughts? |
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