An admittance is the complex ratio between a current and a voltage. The analyzer provides two independent sets of admittance parameters, essentially based on different n-port circuit models:
Matched-circuit admittances, converted from S-parameters
Short-circuit Y-parameters
The converted (matched-circuit) admittances describe the admittances of a DUT that is terminated at its outputs with the reference impedance values Z0i displayed in the Port Configuration dialog. i numbers the analyzer/DUT port. The analyzer converts the measured S-parameters to determine the matched-circuit admittances. The converted admittances are the inverse of the converted impedances.
The reflection parameters are calculated according to:

where i numbers the analyzer/DUT port. The transmission parameters are calculated according to:

Examples:
Y11 is the input admittance of a 2-port DUT that is terminated at its output with the reference impedance Z0 (matched -circuit admittance measured in a forward reflection measurement).
The extension of the admittances to more ports and mixed mode measurements is analogous to S-parameters. Ydd44 is the differential mode input admittance at port 4 of a DUT that is terminated at its other ports with the reference impedance Z0. See More Admittances for detailed information.
You can also read the converted admittances in a reflection
coefficient measurement from the inverted
Smith chart.
The Y-parameters describe the admittances of a DUT with output ports terminated in a short circuit (V = 0). The analyzer provides the full set of short-circuit admittances including the transfer admittances (i.e. the complete n x n Y-matrix for an n port DUT).
This means that Y-parameters can be used as an alternative to S-parameters (or Z-parameters) in order to completely characterize a linear n-port network.
In analogy to S-parameters, Y-parameters are expressed as Y<out>< in>, where <out> and <in> denote the output and input port numbers of the DUT.
In analogy to open-circuit Z-parameters, the short-circuit Y-parameters for a two-port are based on a circuit model that can be expressed with two linear equations:

The four 2-port Y-parameters can be interpreted as follows:
Y11 is the input admittance, defined as the ratio of the current I1 to the voltage V1, measured at port 1 (forward measurement with output terminated in a short circuit, V2 = 0).
Y21 is the forward transfer admittance, defined as the ratio of the current I2 to the voltage V1 (forward measurement with output terminated in a short circuit, V2 = 0).
Y12 is the reverse transfer admittance, defined as the ratio of the current I1 to the voltage V2 (reverse measurement with input terminated in a short circuit, V1 = 0).
Y22 is the output admittance, defined as the ratio of the current I2 to the voltage V2, measured at port 2 (reverse measurement with input terminated in a short circuit, V1 = 0).
Y-parameters can be easily extended to describe circuits with more than two ports or several modes of propagation; see section More Y-Parameters.