Dummy Data – How to use the Random Functions
Using collected or known data is the best when developing Excel models, but from time to time this may not be available when you are developing your model.
This post will look at some options for setting up Dummy Data using Excels Random functions.
Variability
Real data displays a range of variability, but this variability is generally within ranges or distributions of ranges of results.
All fields type can contain variability
ie: Country, State Names and Zip/Postal Codes, Maybe large lists but are fixed
Peoples Names, Maybe a large lists but are fixed by local rules
Ages, generally less than 80, never less than 0
Dates: Rarely before 1990 or 1900 in rare cases
Lists: are fixed
Numbers: generally random or conforming to a fixed distribution or known trend
Numbers: may include integers, decimals, negatives, extremely large numbers or all combinations
In generating random lists you will need to choose if you want random data, random data within constraints or random with a distribution. The choice is really yours and should in part be based on what the data is being used for and how accurately it needs to reflect reality.
Techniques
The techniques described below are all shown with a worked example in the attached Examples File or the Excel 2003 Example
Each example is annotated below like (Example 4.). ie: Refer to Example 4 in the above example files.
Dates
Setting up Random Dates is a simple process using the Date function.
=Randbetween(StartDate,EndDate)
Dates in a Range of Years
=Randbetween(Date(2000,1,1),Date(2011,12,31))
Will give a list of Random dates between 1 Jan 2000 and 31 Dec 2011 (Example 1.)
(Thanx Mike W)
Dates in a Month
=Date(2010, 6, Randbetween(1,30)
Will give a list of Random dates between 1 June 2010 and 30 June 2010 (Example 2.)
Don’t worry that the above formula (Example 1) can actually produce a 31 Feb 2005, the Date function will happily convert that to 3 March 2005 (Example 3.)
Dates within a Date Distribution
=DATE(2011,7,NORMINV(RAND(), 0,60))
Will give a list of Random dates between approximately 1 Jan 2010 and 31 Dec 2010, with a mean of July 1 and standard deviation of 2 Months (60days) (Example 4.)
Where NORMINV(RAND(), 0,60) will return values between -180 and +180, 99.7% of the time
Text Fields
Dependant on how many items in the list you require there are 3 techniques available
Choose
For small lists of less than 6 to 10 items you can use a simple Choose function (Example 5.)
=Choose(Randbetween(1,6),”Item 1″, “Item 2”, “Item 3”, “Item 4”, “Item 5”, “Item 6”)
VLookup
Using VLookup (Example 6.)
=Vlookup(Randbetween(1,List Length), List, 2)
Index
Using Index (Example 7.)
=Index(List, Randbetween(1, Counta(List) ))
Numbers
Small Random List of Numbers
Random from a small list of numbers (Example 8.)
=Choose(Randbetween(1,6), Numb 1, Numb 2, Numb 3, Numb 4, Numb 5, Numb 6 )
Note that the numbers:
- Don’t have to be in any order,
- Can be integers, negatives or contain decimals
- Can be repeated
eg: =Choose(Randbetween(1,6), 18, 21, -19, 36.4, 18, 24)
Random Integers
Return Integers between Start and Finish (Example 9.)
=Randbetween(Start, Finish)
=Randbetween(50, 100)
Will return an Integer between 50 and 100
Random Numbers
=Rand()
Will return a random number between 0 and 1
=Round(Rand()*100, 2)
Will Return Numbers between 0 and 100 with 2 Decimal places (Example 10.)
Random Numbers Based on a Distribution
=Norminv(Rand(), Mean, SD)
Will return a random number between 0 and 1 based on a distribution of Average = Mean and Standard Deviation = SD
=Norminv(Rand(), 50, 17)
Will return a random number between 0 and 100 based on a distribution of Average = 50 and Standard Deviation = 17, (Example 11.)
Random Numbers Fitting a Trend
If your distribution has to match a trend add a Random component to the Trends equation (Example 12.)
Y=mX+c
= rand() * X + rand()*5
= rand() * A2 + rand()*5
True/False
Choose
Use Choose and Randbetween (Example 13.)
=Choose(Randbetween(1,2), True, False)
If
Use If and Rand (Example 14.)
=If(Rand()<0.5, True, False)
Combination Text and Numbers
The above techniques can be combined to make lists of Alpha Numeric Data
Say your business has a fleet of vehicles (TR=Truck, VN=Van, CAR=Car)
=Choose(Randbetween(1,3),”TR”,”VN”,”CAR”) & Text(Randbetween(1,15),”0#”)
Will randomly choose 1 of “TR”,”VN”,”CAR” and add a random number between 1 and 15 to it format with a leading 0, eg: TR05, (Example 15.)
Other Sources of Data
Random Data
There are a number of web sites where Random Data is available.
http://www.fakenamegenerator.com/order.php
http://www.generatedata.com/#generator
http://www.melissadata.com/lookups/
Open Source Data
There are a number of web sites where Open Source Data is available.
http://www.readwriteweb.com/archives/where_to_find_open_data_on_the.php
Function Used:
Rand: Returns a random number between 0 and 1.
Randbetween: Returns a random Integer between lower and upper limits. Pre Excel 2007 Randbetween was only available through installation of the Analysis Toolpak (Thanx Luke).
Norminv: Returns the inverse of the normal cumulative distribution. That is it returns the X value from a Normal Distribution that has a know Mean and Standard Deviation where the a known cumulative percentage is supplied.
Choose: Choose an item from a list of up to 254 items.
Vlookup: Lookup the matching value from a list and return a data item from another column from the same location.
Index: Retrieve an items from a defined location within a range.
Text: Displays a number as Text with a defined format.
Other Uses of Random Functions
Of course the techniques shown here don’t have to be used for setting up Dummy Data.
One area where Random numbers is used is in Monte Carlo Simulation. This has been discussed at Chandoo.org at Data Tables and Monte-Carlo Simulations in Excel a Comprehensive Guide
Techniques
The techniques described above are all shown with a worked example in the attached Examples File or the Examples File 2003 ver
Limitations in Pre Excel 2007 versions
The Excel function, Randbetween, was only introduced in Excel 2007. As such the exaples above will only work in 2007/10.
However a simple alternative is available
Randbetween(Low, High) = Low + Int(Rand()*(High-Low))+1
Randbetween(90, 100) = 90 + Int(Rand()*10)+1
Examples using this approach are shown in the 2003 Version of the Examples files above.
How have you made Dummy Data or used the Random Functions?
How have you made Dummy Data or How have you used it ?
How have you used Random Numbers in your workbooks ?
Let us know in the comments below:
39 Responses to “Make a Quick Thermometer Chart to Compare Targets and Actuals”
You'll probably have some readers insist on bullet charts, which in my experience are no easier to read.
Note on the case where actuals may exceed targets, the target has to be the second series in the chart, not the first, so it appears in front of the actual.
@Jon.. good point. And yes, readers are already saying bullets are the way to go. Atleast @dmgerbino said it on twitter: http://twitter.com/dmgerbino/status/6761754333
But I feel the same as you did. Bullets need orientation to get started and not that easy to construct (here is a tutorial btw... http://chandoo.org/wp/2008/07/21/dashboard-bullet-graphs-excel/ )
When you just have to compare 2 sets of values, a chart like above is good and easy enough.
And yes, thank you for saying that data series order should be correct to show the target on top.
I think bullet charts are a good alternative. I'm not a huge fan of the formatting that you used above where the outline is so thick.
Another option would be to combine a line graph (plan/goal amounts) with the columns (actual) and select the option to remove the line. This leaves just the value (marker), which can be increased in size to leave only a line about the size of the bar. It's an easy and cleaner way to show actual to plan/goal. Does that make sense?
Tony -
I would use columns (or area) for goal, and lines and markers for actual.
What about if you go over the target? The chart doesn't work so well then.
The technique described today is a near bullet chart. As I stated early this morning on Twitter (link: http://bit.ly/4K3yPM ) , I am a fan of Stephen Few's Bullet Graph.
Hubert Urruttia and I started with Charlie Kyd's method, but as Jon Peltier and Chandoo said, they are not easy to contruct. We moved onto prototyping with Fabrice Rimlinger's SPARKLINES FOR EXCEL and now use XLCube's (BonaVista) Micro Chart tool. Both of these tools allow you to create bullet charts just as easy as any Excel chart type.
As far as reading and interpreting them, this chart type has been the easiest for us to present.
There are many chart types. Today's "Make a Quick Thermometer Chart to Compare Targets and Actuals" is fine for a start, but your ultimate goal should be to create Bullet Graphs. AS Stephen Few states in his overview, "The bullet graph was developed to replace the meters and gauges that are often used on dashboards. Its linear and no-frills design provides a rich display of data in a small space, which is essential on a dashboard. Like most meters and gauges, bullet graphs feature a single quantitative measure (for example, year-to-date revenue) along with complementary measures to enrich the meaning of the featured measure. Specifically, bullet graphs support the comparison of the featured measure to one or more related measures (for example, a target or the same measure at some point in the past, such as a year ago) and relate the featured measure to defined quantitative ranges that declare its qualitative state (for example, good, satisfactory, and poor). Its linear design not only gives it a small footprint, but also supports more efficient reading than radial meters."
@dmgerbino
Since @dmgerbino had to bring my name up I guess I should throw in my two cents.
@dmgerbino and I have both implemented Bullet Charts with great success. What is most interesting about this fact is that we have had a harder time implementing Sparklines than Bullet Charts. The reason for this revolves around the simple fact of familiarity. I will explain. People look at a Sparkline and they think it is a really small Line Chart and it is not. People are familiar with Line Charts since they have been around since 1786 when they were created by William Playfair. Bullet Charts on the other hand are different so they almost demand an explanation. Because of this there was a lot of face time that was needed to explain these charts but once people got them they understood the concept. This is similar to when I introduced Cycle Plots http://bit.ly/87ydVG (Thank you @nbrgraphs!) or Horizon Charts http://bit.ly/6PVavj.
Now about the Thermometer Charts… The first thing I want to address is Tony Rose’s statement. I totally agree that the outline on the chart is too think. It might come of as being a whole new series or a new variable. What I have done in instances like this is I have created a Bar Graph and Scatter Plot mixture. Then I have turned off the Data Series on the Scatter Plot and turned on the Horrizontal Error Bars on the Scatter Plot. The new horizontal line stands for the Plan and the Bar is the actual. The reason why I find this more useful is because this technique works if you have exceeded plan. Actually, I do not understand how Chandoo’s method would display the data if Plan is surpassed.
This reminds me of another blog post that @dmgerbino, @Jon_Peltier, and myself commented on over a year ago. http://bit.ly/PNdO Actually, I talk about similar things in regards to familiarity to charting techniques.
- @hubert_urruttia
[...] we have a post on using thermometer charts to quickly compare actual values with targets. Today we follow up the post with 10 charting ideas you can use to compare actual values with [...]
Hi Chandoo
How do I increase the width of the bar chart and also make the long axis labels come in the same line?
Thank you,
Rajiv
@Rajiv
Select the outer part of the chart "Chart Area" and note the cursor will change to arrows
drag the edges to what ever size you want
You can hold the Alt key as you drag and the chart will snap to the cell boundaries
Now click on the chart area inside the chart "Plot Area" and note that a box with small circles appears around it
drag the circles on the edge of that box to suit
You can hold the Alt key as you drag and the chart will snap to the cell boundaries
@ Hui
Thank you for your comments. But my question was not for the "Plot Area" instead I wanted to know about how should I increase the width of the individual bar charts because with my data all the individual bars are coming to be thin and I want to make them appear broader.
Thank You
@Rajiv
Right click on the Series you want to change and select Format Data Series
Under Series Options goto Gap Width and decrease it to suit
[...] Make a Quick Thermo-meter Chart using Excel [...]
Thank you for the great chart and explanation!
How do I show two amounts (Signed Revenue and Pipeline) as stacked within the Target amount?
@CL... you can use stacked column charts and follow the same technique to get this. See attached file for an example - http://img.chandoo.org/playground/thermo-meter-with-additional-details.xlsx
Chandoo - thanks for the quick response! What if I want the data label for the pipeline to be the actual pipeline value, not the signed rev + pipeline value? i.e. 15 instead of 55
Thanks!
How would i do this in excel 2003?
[...] Thermo-meter charts are very good to show how actual value compares with target (or budget). But how can we add another point for say Last Year value to the chart with out cluttering it. [...]
Hi Guys,
As Matt said,
"What if you if you go over the target?"
Is there a way to make it change color? or at least to show what the target was?
I am planning to use this with a "Forecasted vs Real" production chart but I do not know how to show overproduction.
Any clue?
Thanks
How do I do this if I have 2 bars I want side-by-side? ie 2012 Mean with 2012 benchmark overlapping and then 2013 mean with 2013 benchmark overlapping? I want the 2012 and 2012 mean bars sie by side to compare multiple categories.
Sorry, I meant to say the 2012 and 2013 mean bars side by side
I have a problem in that my PM wants a chart that shows a stacked column (Labor and Expense) and then have the overall buget shown as a thermo.
Everytime I try to do this, I either end up with all three being stacked or all of them being seperated.
Help?
Or if someone knows how to only outline the top and sides of a chart series....then I would have this solved. (Make a stacked column with labor, expenses, and remaining budget, then clear the fill and outline only the top and sides.) I just can't figure out how to do that/ not sure if excel will let me only outline part of a chart series.
[...] Thermometer chart to show budget vs. actual performance [...]
Your home is valueble for me. Thanks!...
I've created the thermometer chart as the Chandoo tutorial described. How do I move my columns closer together? I don't want wider columns; I want to move my narrow columns closer together. Thank you!
Dear Elite members,
could you please let me informed whether we could incorporate color formating in this thermometer approach i.e. if my actual performance is <Min then meter color sud go Red, in between min & target it sud change to Amber & target and above sud change to Green. pls advise. thanks,
I think the only way to do that would be with VBA programming.
@Abhinav
Yes, Simply use a stacked column chart, colored appropriately
Or
You may also want to read about Bullet Charts
@ Hui,
Could you pls demonstrate this with the help of an example.
let's have the below sample data
Actual=12
Min=10
Target=15
Max=20
if Actual>=Min then bar color sud be Red
in between Min & Target= Amber
between target(inclusive) & Max = Green
greater than or equal to Max= Blue
Thanks in advance
Abhi
Great blog post with awesome sample data. I've implemented two of the top "power tips" by changing the colour of the actual values, AND setting Actual to be 40% transparent. Looking good.
[…] easy with these charts. Use them sparingly. As a rule a thermo-meter chart would be better (easy to make, takes less space, scalable) for situations like […]
[…] easy with these charts. Use them sparingly. As a rule a thermo-meter chart would be better (easy to make, takes less space, scalable) for situations like […]
I recently purchased the template bundle and love the ease of use - thank you!
I would like to ask if it is possible to add an important 'block' to the dashboard to illustrate an important status for my executive team; 'billing status'? (ie budget / amount billed) something like that?
Thank you!
@Cheif449.. Thanks for your purchase and kind words.
You can add this easily to the dashboard. Follow below steps.
1. Unprotect the dashboard worksheet.
2. Add a text box (Insert > Drawing Shapes) to the dashboard
3. Put any text inside it as per your need.
4. Format it as needed.
5. Protect the dashboard again.
How do you do this in Excel 2010 - I am not seeing that option in Format data series.
how would we check target and actual sale for multiple years
Select any of the bar, right click and format data series