Google Sheets' VAR Function: Powerful Tool for Data Variability
Google Sheets' VAR function, introduced by Google, calculates the variance of a dataset. It's a powerful tool for assessing data spread, widely used in finance, statistics, and experiments.
The VAR function, with syntax =VAR(data), computes variance by finding the average of squared differences from the mean. A higher variance indicates more spread-out data points, while a lower variance shows values closer to the average.
To use the VAR function, select a cell, enter the formula =VAR(range), and press Enter. Specify the range of numeric values for which you want to calculate the variance.
The VAR function in Google Sheets is an essential tool for understanding data variability. It helps identify spread in financial, statistical, or experimental data, aiding informed decision-making and analysis.
