We can use the LOG function in Excel in many ways. The output of the POWER function is passed as the first argument to the LOG function in Excel, and it further computes the result. If we nest this formula of the POWER function inside the LOG function in Excel, providing the base as 4, we will get the exponent, which is passed as a second argument in the POWER function. read more, we would write it as POWER(4,5) = 1024. To use this function you can use the keyword =POWER( in a cell and provide two arguments one as number and another as power. LOG in Excel Example #1įor example, 4 5 = 1024, using the POWER function POWER Function POWER function calculates the power of a given number or base. So, inversely, the LOG function in Excel returns the power (exponent) to which the base is raised. The POWER function returns the result of a number raised to a power.
read more in the data increases or decreases quickly. For example, logarithmic functions are used for graphical representation when the data rate of change Rate Of Change Rate of change (ROC) defines the percentage change of a variable like securities over a certain time with respect to its original value. read more and plotting graphs for data representation.
In business analytics, LOG in Excel is often used with other tools for regression analysis Regression Analysis Regression analysis depicts how dependent variables will change when one or more independent variables change due to factors, and it is used to analyze the relationship between dependent and independent variables. The logarithmic function is used for mathematical operations and is widely used in financial statistics Widely Used In Financial Statistics Statistics is the science behind identifying, collecting, organizing and summarizing, analyzing, interpreting, and finally, presenting such data, either qualitative or quantitative, which helps make better and effective decisions with relevance.
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You can download this LOG Function Excel Template here – LOG Function Excel Template
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