In the 9th session of Chandoo.org podcast, lets raise above AVERAGEs.
What is in this session?
At this exact time, one in every 3 analysts in the world are calculating an AVERAGE(). – Someone
AVERAGEs are a very popular and universal way to summarize data. But do you know they are mean? Mean as in, AVERAGEs do not reveal much about your data or business. In episode 9 of Chandoo.org podcast, we tackle this problem and present solutions.
In this podcast, you will learn,
- What is AVERAGE?
- Pitfalls of averages
- 5 statistic concepts you must understand
- Standard Deviation
- Median
- Quartiles
- Outliers
- Distribution of data
- What next?
NOTE: This is a 2 part podcast. 2nd part will be published next week.
Go ahead and listen to the show
Podcast: Play in new window | Download
Subscribe: RSS
Links & Resources mentioned in this session:
Average Formula – Syntax, examples
Explanation of Standard Deviation
Statistics & Probability for analyst – a guide
Transcript of this session:
Download this podcast transcript [PDF].
Do you use AVERAGEs for your analysis? What do you think about them?
AVERAGE is such an easy and convenient thing that we use it often. For many of my reports I start with AVERAGE and then improve the metrics to show insights.
What about you? Do you calculate AVERAGE() for your reports? What other types of statistics you use to summarize data? Where do you find AVERAGE to be useful (or useless)? Please share your thoughts using comments.
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6 Responses to “A quick personal update”
Thank you for the personal update. It was quite encouraging and a breath of fresh air in my Inbox. Take care and stay safe.
David
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Thanks for the update and happy to know that you and family are doing good. A 21 day lockdown has now been announced in India (I live around Kolkata) so it's uncertain times ahead. I check up on your wonderful articles often and will do so even more regularly now. Stay safe and God bless.
Hi from Argentina, I follow you for a lot of years now. We here are in a quarantine for 2 or 3 weeks, because the pandemia.
Excel is also my passion and I came here looking for a Num2Words formula, but in spanish. If anyone have it, please let me know.
Best regards.
Pablo Molina
La Rioja - Argentina
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