Friday, September 24, 2021
Now that you've calculated your cross correlations—that is, your time-shifted correlations—here's how to chart them professionally.

Find Leading Indicators Using Automated Cross Correlations in Excel, Part 2

In Part 1 of this discussion about automated cross correlations, I explained how to set up  the cross-correlation Data Table shown below, in columns...

Find Leading Indicators Using Automated Cross Correlations in Excel, Part 1

It all seems so simple... To improve your forecasts of sales or other measures, you simply need to find leading indicators...measures that are highly correlated...
The Monte Carlo method allows you to forecast performance using probability distributions for your assumptions. And Data Tables provide a quick and easy way to implement the Monte Carlo method. Here's how to do it.

How to Create Monte Carlo Models and Forecasts Using Excel Data Tables

(Download the workbook.) (This is the second of two articles about normal distributions. The first article is, How to Return Random Numbers from a Normal...
You can use probability distributions to manage the uncertainty about your assumptions when you create simulations in Excel. Here's how.

How to Return Random Numbers from a Normal Distribution for Your Excel Forecasts

(This is the first of two articles about normal distributions. The second article is, How to Create Monte Carlo Models and Forecasts Using Excel Data...
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

(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...
Using Excel 2007 and above, you can create shaded areas in charts to specify areas of special interest. Here's how to do this using normal curves.

How to Create Normal Curves With Shaded Areas in Excel

Adding shaded areas to normal curves like this is a challenging task in Excel charting. But once you know how, it's not difficult to...

Latest Articles

Two unusual formulas can use the SEARCH or FIND functions to search any number of cells for any number of words—almost instantly.

How I Set Up SEARCH and FIND Formulas on Steroids

I've used Excel long enough to recognize when I've stumbled across an unusual formula. And it happened again a few minutes ago. In the past,...
Use this unique Excel dashboard to track the general rate of inflation, your personal rate, and the rate of the goods and services you buy.

Inflation Tracker Excel Dashboard with Consumer Prices

U.S. President John F. Kennedy once said of a growing economy, "A rising tide lifts all boats." However, a rising inflationary tide does not lift...
Excel's Quick Access Toolbar can save you many clicks and needless work. Here are the eight QAT tools that I use, and how I use them.

Eight Great Tools for Your Quick Access Toolbar

I use eight great tools in my Quick Action Toolbar (QAT), and you might want to consider using them yourself. Before I get into the...
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