Calculating the correlation coefficient is time-consuming, so data is often plugged into a calculator, computer, or statistics program to find the coefficient.

How to Calculate the Correlation Coefficient A simple calculation method is to use what's known as the Pearson correlation coefficient calculator, named after the English mathematician Karl Pearson.

The correlation function will ask for two rows of data from two identical timeframes. Input, click ok and voila—correlation coefficient. The correlation coefficient is a number between 1 and -1.

Finding Correlation in Excel There are several methods to calculate correlation in Excel. The simplest is to get two data sets side-by-side and use the built-in correlation formula: ...

Spearman’s rank correlation coefficient works by ranking the observations in a dataset and calculating the correlation between the ranks rather than the observations themselves.

We explored the correlation between the deprivation scores calculated by the three different methods using the Pearson correlation coefficient.