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How to make Kpss test in Excel

The KPSS (Kwiatkowski-Phillips-Schmidt-Shin) test is a statistical test used to check for the stationarity of a time series around a deterministic trend. Unlike the Augmented Dickey-Fuller (ADF) test, which tests for unit roots, the KPSS test assumes that the series is stationary around a trend and tests against the null hypothesis of stationarity. Conducting a KPSS test in Excel requires a series of steps, as Excel does not have a built-in function for this specific test. However, you can perform the test by manually calculating the necessary statistics or using Excel’s capabilities for statistical analysis with some setup.

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Understanding Excel Financial Modeling: A Comprehensive Guide

In the modern financial industry, Excel Financial Modeling stands out as a critical skill. It involves the construction of abstract representations (a model) of a real-world financial situation. This versatile tool is predominantly used by professionals in investment banking, equity research, commercial banking, and more areas to forecast a company’s financial performance. See what financial modeling is, its importance, key features, and how to build a financial model using Excel.

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