Sunday, June 20, 2021

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Analytical Methods

A Lesson in Excel Analysis Learned from Rising US Inflation

Charley Kyd -
0
Looking at the trends in the annual rate of change (ROC) of business and economic measures is an excellent way to reveal hidden information...
Here's how you can split delimited text into an array with a short Excel formula, and then wrap the formula with the INDEX function to return any value from the array.

How to Split and Index Delimited Text with Excel Formulas

Berkshire Hathaway is raising prices, and their costs are increasing. Inflation is on the rise. These Excel charts illustrate the the problem.

Warren Buffett, Inflation, and Excel

I used the FILTER function to give me IFS-like power for PERCENTILE.INC. But then I realized the same pattern brings IFS-like power to many functions—including MEDIAN, STDEV.S, GEOMEAN, and perhaps even the FORECAST functions!

Using the Hidden Power of Excel’s FILTER Function

Using Excel's LET, SORTBY, and SEQUENCE functions, and dynamic arrays, you easily can list any number of top and bottom results from a Table.

How to Report Top and Bottom Results Using Dynamic Arrays in...

Featured Articles

Using Excel's LET, SORTBY, and SEQUENCE functions, and dynamic arrays, you easily can list any number of top and bottom results from a Table.

How to Report Top and Bottom Results Using Dynamic Arrays in Excel

Array Formulas Charley Kyd -
0
In How to Use Excel’s LET Function, I showed several examples of a powerful function that Microsoft added to Excel 365 in the summer...
How to aggregate named groups of GL accounts.

How to Report GL Account Groups in Excel

Accounting & Finance Charley Kyd -
0
Believe it or not, this income statement is quite sophisticated. It's not nearly as simple-minded as it looks. In fact, this income statement illustrates a...
In Excel, you can report named groups of GL account numbers, product codes, and so on—just as you report one such number. Here’s how.

How to Use Array Formulas to Report Groups of Accounts

Accounting & Finance Charley Kyd -
0
Often, in accounting, marketing, and other departments, we'd like to report and analyze groups of items rather than one item at a time. In Part...
Use this Excel dashboard to track 27 economic indicators of the United States' recovery from the Covid-19 recession.

Learn How to Use Excel to Track the US Recovery from the Covid Recession

Training & Services Charley Kyd -
0
The Covid recession is the worst recession the world has experienced since the Great Depression. And the Recovery Tracker workbook and Excel training can...
This Excel dashboard report lets you follow key economic trends while showing you how to gain a HUGE increase in your Excel productivity at work.

Track Key Economic Indicators Every Weekday with this Excel Dashboard

Training & Services Charley Kyd -
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You can update this Excel dashboard report every weekday—with one command—if you have Excel 2016 or above. This report of current economic data introduces you...

Blog

Analytical Methods

A Lesson in Excel Analysis Learned from Rising US Inflation

Charley Kyd -
0
Looking at the trends in the annual rate of change (ROC) of business and economic measures is an excellent way to reveal hidden information...
Here's how you can split delimited text into an array with a short Excel formula, and then wrap the formula with the INDEX function to return any value from the array.

How to Split and Index Delimited Text with Excel Formulas

Berkshire Hathaway is raising prices, and their costs are increasing. Inflation is on the rise. These Excel charts illustrate the the problem.

Warren Buffett, Inflation, and Excel

Add Low-Overwhelm Context to Your Line Charts

When you're refinancing, this chart allows you to use the tip of your finger trade off your monthly payments and your total payments as you consider the term of your loan.

Calculate Mortgage Payments and Your ROA with an Excel CalcPlot Chart

Business & Economics

If you want all your Excel reports, analyses, forecasts, and other Excel work to be highly productive, this is the only strategy that will work for you.
Business & Economics

An Introduction to Excel Data Plumbing

Charley Kyd -
0
Would you like to: Create your new reports, analyses, forecasts, and other Excel work quickly? Update your Excel work with one command, without using...
A reader asked how to generate the same report for 27 different divisions. If you have a similar challenge, here's how to get started.

Interactive Excel Reporting

Pivot Tables aren't merely a way to interact with your data. You also can use them as a rich source of data for standard reports and analyses. And you don't need to limit formulas to GETPIVOTDATA; you also can use SUMIFS, SUMPRODUCT, and all other Excel functions with pivots. Here's how.

How to Set Up a Pivot Table as an Excel-Friendly Database

How to Reproduce Your Excel Work Across Many Categories, Part 3...

This simple invoicing system allows you to keep a list of products and prices in Excel, then use VLOOKUP or INDEX-MATCH to populate an invoice with the item and quantity you choose.

Use Excel’s INDEX-MATCH or VLOOKUP Functions to Populate Invoices and POs

Formulas & Functions

Excel's absolute cell references, like $A$1, confuse many Excel users. But the explanation is easy. Each dollar signs serv only one important purpose.
Worksheet Interaction

How to Use Absolute and Relative Cell References in Excel Formulas

Charley Kyd -
0
A reader sent me this question: Could you send me more details about using $'s like the following: =AVERAGE($6:$6) averages all data in ROW 6....
You can uncover new insights about your company by transforming your data before you chart it. This method of data transformation has revealed a long-term weakness in the U.S. economy.

This Excel Analytical Charting Strategy Reveals an Economic Warning

In this final article of the SUMIFS, SUMPRODUCT series, you'll learn more reasons to use advanced multi-criteria lists in marketing and finance.

Advanced SUMIFS Calculations with Criteria Lists

A manager needs to assign employee color codes to various tasks they perform for customers. Here's one way to do it with Excel's conditional formatting.

Use Conditional Formatting with Formulas to Manage Employee Tasks

Three More Simple Tricks to Improve Excel Charts for Business

Three More Simple Tricks to Improve Excel Charts for Business

Excel Methods

Most Excel gurus can do simple things in worksheets more quickly than early-stage Excel users can. Here are some time-saving ways to get started.
Formulas & Functions

Save Time with Excel Range Selections

Charley Kyd -
0
One of the big differences between early-stage Excel users and gurus is that gurus can do simple things in Excel much more quickly than...
This figure uses the Chicago Fed's National Financial Conditions Index to illustrate how to create an Excel panel chart.

US National Financial Conditions Using Excel Panel Charts

How to calculate and highlight the standard error of the estimate on each side of the trend in an Excel chart to make exceptional results stand out.

Highlight Normal Results in Line Charts to Make Exceptional Results Stand...

The Rule of 72 is a guesstimate of how long it will take an investment at a specific interest rate to double in value. But how accurate is it? Ask Excel.

Excel and the Rule of 72

Do you spend hours each period turning raw data into useful information? You can fight such Spreadsheet Hell with help from three key Excel functions.

How to Fight Spreadsheet Hell with Three Excel Lookup Functions

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Popular

Excel provides several worksheet functions for working with normal distributions or 'bell-shaped curves.' This introduction to Excel's Normal Distribution functions offers help for the statistically challenged.

An Introduction to Excel’s Normal Distribution Functions

Business Statistics Charley Kyd -
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(Download the workbook.) When a visitor asked me how to generate a random number from a Normal distribution she set me to thinking about doing statistics...
When you want to look up data in Excel, you should never use a worksheet function with "lookup" in its name. Here's why...

Why INDEX-MATCH Is Far Better Than VLOOKUP or HLOOKUP in Excel

Downloads Charley Kyd -
0
(Download the workbook.) Excel’s VLOOKUP function is more popular than the INDEX-MATCH function combination, probably because when Excel users need to look up data then a "lookup" function...
When you bring data from another source into an Excel worksheet, the data often includes rows that you’ll want to delete. Here's the first of two methods.

How to Delete Blank or Unneeded Rows, Method 1

Worksheet Interaction Charley Kyd -
0
When you bring data from another source into an Excel worksheet, the data often includes rows that you’ll want to delete. Often, you’ll want...
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