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How to Compute Intercept in Microsoft Excel Through the INTERCEPT Function
Aside from using it as a database, it is also an excellent tool for calculation of mathematical problems. Because of the different functions of the program, certain mathematical problems can be computed easily. One of the functions that are usually utilized in Excel is the INTERCEPT function. By reading the article, Excel programmers will be acquainted to one of the essential functions of Microsoft Excel.
INTERCEPT Function Overview
The function is used to compute the point where a certain line will meet the y-axis with the use of the given values of x and y. The point of intersection is in accordance with the well fitted regression line that is plotted using the identified value of x and y. The function is recommended to be used when determining the value of the dependent variable when that the value of independent variable is equal to zero.
Correct Syntax to Use
In order to employ the function correctly, the right formula to use is:
=INTERCEPT(known_y’s, known_x’s)
Where:
• Known_y’s – is the set of dependent data or information
• Known_x’s – the set of independent data or information
Important Details to Remember
Since Excel is a Microsoft program that function based on formula, there are certain things that need to be remembered in order to use the program efficiently and they are:
• The arguments must be names, numbers, arrays or cell reference containing numbers.
• Once the reference or the range arguments contain logical values, text or blank cells, then the values are all ignored. But, the cell that contains a zero value is included in the computation.
• Once the value of known_y’s and known_x’s are diverse numbers of data points, the answer of the function would be #N/A! error.
INTERCEPT Function Example
For a better understanding of the function, take a look at the given example below and try using the INTERCEPT function.
Find for the intercept if the given value for y is 5, 6, 8, 2 and 3. On the other hand the given value for x is 10, 3, 7, 5 and 4.
To compute for the intercept using Microsoft Excel, below are the steps to be followed: