This free WordPress plugin makes it super easy to install the necessary Google code so you can access the valuable information provided by Google Analytics.  First, install the plugin through your WordPress plugin installer.  Next, create a Google Analytics account.  Then, go into the Google Analytics settings:

Enable the plugin and copy and paste your Google Analytics ID (looks like UA-XXXXXX-X) into the plugin settings.

Now you are good to go!  You can access your stats by logging into Analytics and/or by generating a report.

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