All articles with 'Microsoft Excel Formulas' Tag

Story of my first ever 200KM bike ride (plus an Excel dashboard with ride stats)

Story of my first ever 200KM bike ride (plus an Excel dashboard with ride stats)

Ok people. Let me tell you that this post is almost not about Excel. It is about how one Excel blogger’s (yours truly) dream of long distance cycling came true. So sit back, grab your favorite drink and read between sips.

So what is this all about?

Last Sunday (27th July) & Monday (28th), I finished my first ever 200KM bicycle ride. I rode for a little more than 12 hours, burned 5,179 calories & rode 206 kilometers.

It is definitely one of the most memorable, tiresome & uplifting experiences in my life. So naturally, I want to share the story with you.

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CHOOSE() me, an introduction to Excel CHOOSE function

Published on Jul 16, 2014 in Learn Excel
CHOOSE() me, an introduction to Excel CHOOSE function

Today lets learn about Excel CHOOSE() function.
CHOOSE eh? What does it do?
To understand CHOOSE() and appreciate its uses, lets invent an imaginary boos-subordinate pair.

Jasmine is the boss. She is, well, lets call her peculiar. She likes olives, Tuesdays & color Red. She hates potatoes.

Martin is the faithful butler of Jasmine. He is obedient, quirky and tall. He likes lotuses, Fridays & color blue. He hates potassium.

Enter Jasmine’s scarf problem:

Jasmine likes to wear a different colored scarf every weekday. She likes to wear Red colored scarf on Mondays & Tuesdays. She likes to put on the blue polka dot scarf on Wednesdays. On Thursdays, she wears her olive colored scarf. On Fridays & Saturdays, she prefers the lovely orange blue scarf. Sundays are no scarf days.

No wonder she is peculiar.

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Top 10 things we struggle to do in Excel & awesome remedies for them

Top 10 things we struggle to do in Excel & awesome remedies for them

Recently we asked you, what do you struggle doing in Excel? 170 people responded to this survey and shared their struggles. In this post, lets examine the top 10 struggles according to you and awesome remedies for them.

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Excel Dashboards – 49 dashboards to visualize US State to State migration trends

Hello everyone. Stop reading further and go fetch your helmet. Because what lies ahead is mind-blowingly awesome.

About a month and half ago, we held our annual dashboard contest. This time the theme is to visualize state to state migration in USA. You can find the contest data-set & details here.

We received 49 outstanding entries for this. Most of the entries are truly inspiring. They are loaded with powerful analysis, stunning visualizations, amazing display of Excel skill and design finesse. It took me almost 2 weeks to process the results and present them here.

49 Dashboards to visualize State to State Migration - Chandoo.orgExcel Dashboard Examples - Visualizing state to state migration trends - Chandoo.org

Click on the image to see the entries.

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Matching transactions using formulas [Accounting]

Published on Jun 6, 2014 in Excel Howtos, Learn Excel
Matching transactions using formulas [Accounting]

Imagine you are the head of Accounts Receivable department at a large company. Drab, I know, But humor me and imagine.

Now, every month you get a transaction report.

And you want to know which numbers are matching up.

i.e, if your company gave Vendor-0002 $872.34 on 1st of April, 2014 and your received below payments from them subsequently,

  • $427.77 on 1st April
  • $152.88 on 2nd April
  • $291.69 on 2nd April

Then you consider the account matched since the total received is same as total payable.(427.77 + 152.88 + 291.69 = 872.34).

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CP010: Averages are Mean – 8 Techniques for making your analysis above average

Published on May 30, 2014 in Chandoo.org Podcast Sessions, Learn Excel
CP010: Averages are Mean – 8 Techniques for making your analysis above average

This is a continuation of Session 9 – Averages are mean

In the earlier episode, we talked about AVERAGE and why it should be avoided. In this session, learn about 8 power analysis techniques that will lift your work above averages.

In this podcast, you will learn,

  • Re-cap – Why avoid averages
  • 8 Techniques for better analysis
  • #1: Start with AVERAGE
  • #2: Moving Averages
  • #3: Weighted Averages
  • #4: Visualize the data
  • Conclusions
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CP009: Averages are Mean – Know these things before you make any more AVERAGE()s

Published on May 22, 2014 in Chandoo.org Podcast Sessions
CP009: Averages are Mean – Know these things before you make any more AVERAGE()s

In the 9th session of Chandoo.org podcast, lets raise above AVERAGEs.

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?
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CP008: 6 Tips to handle workbooks made by someone else, #4 is something I struggle with too!

Published on May 15, 2014 in Chandoo.org Podcast Sessions
CP008: 6 Tips to handle workbooks made by someone else, #4 is something I struggle with too!

Here is a problem we all face once in a while. We inherit this bulky, bloated, leaking at the edges workbook from a colleague. Now the onus of maintaining it is on us. The person who made this workbook is nowhere to be found. May be she is vacationing in Hawaii sipping pineapple juice. May be he became a vice president and roaming the country in your company’s private jet.

So what do we do? How do we handle this inheritance?

That is the topic of our podcast, episode 8.

In this podcast, you will learn,

  • An overview of the inheritance problem
  • 6 Tips to understand workbooks made by someone else
  • Tip 0: Talk to the creator
  • Tip 1: Model the workbook on paper
  • Tip 2: Locate the engine, ie the formulas
  • Tip 3: See what else is under the hood – hidden sheets, names, VBA code
  • Tip 4: Annotate (add comments) as you learn
  • Tip 5: Locate the controls – inputs, assumptions, scenarios
  • Tip 6: Re-construct from scratch
  • Deep dive in to understanding the formulas
  • Deep dive in to understanding VBA code
  • Conclusions
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CP007: aweSUM() – Overview of SUM functions in Excel

Published on May 1, 2014 in Chandoo.org Podcast Sessions, Learn Excel
CP007: aweSUM() – Overview of SUM functions in Excel

In the 7th session of Chandoo.org podcast, lets make you aweSUM().

Imagine for a second that Excel cannot add up numbers. And no it cant subtract them either. What would that look like?

A glorified Notepad. That’s right. Excel’s ability to add up numbers, along with features like formulas, charts, pivot tables & BHATTEXT() are what make it such a lovely software. May be not the BHATTEXT(), but we all agree that Excel is so versatile and useful because it can add up numbers (and perform other calculations) with ease.

But how well do you know the SUM formulas of Excel?

In this podcast, you will learn,

  • Special personal fruit announcement :P
  • + operator
  • Status bar & total rows in tables
  • Auto Sum feature
  • SUM() function
  • SUMIFS function
  • Special cases of SUMIFS function
  • SUBTOTAL & AGGREGATE functions
  • Other summing functions – SUMPRODUCT etc.
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Calculate CAGR (Compounded Annual Growth Rate) using Excel [Formulas]

Published on Apr 29, 2014 in Financial Modeling
Calculate CAGR (Compounded Annual Growth Rate) using Excel [Formulas]

Lets talk about how we can use Excel to calculate Compounded Annual Growth Rate (CAGR for short).

What is CAGR? What does it signify?

Let us say you are the CEO of ACME Inc. You have been selling various widgets since 2009. In your latest annual report you want to tell your shareholder at what rate you have been growing ACME Inc. sales. The figure are,

  • 2009 – $150 Mn
  • 2010 – $125 Mn
  • 2011 – $160 Mn
  • 2012 – $174 Mn
  • 2013 – $195 Mn
  • 2014 – $210 Mn

Now, if you see the growth rates, they are all over the place. Right from -16.67% to 28%. But you want to report a single annual growth rate.

This is where CAGR (Compounded Annual Growth Rate) comes handy.

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CP006: How to be a better analyst? – Road map for getting better at Data Analysis & Improving your career prospects

Published on Apr 24, 2014 in Chandoo.org Podcast Sessions
CP006: How to be a better analyst? – Road map for getting better at Data Analysis & Improving your career prospects

In the 6th session of Chandoo.org podcast, we focus on making you a better analyst and propose a road map for getting better at data analysis & improving your career prospects.

In this podcast you will learn,

  • Why become a better analyst?
  • The road map for becoming a better analyst – BETTER framework
  • B for Business Knowledge
  • E for Examining user needs
  • T for Thinking about analysis
  • T for Tools of Trade ie Excel
  • E for Expression
  • R for Refining yourself
  • Conclusions
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Modeling tiles in a room using Excel Conditional Formatting

Published on Apr 22, 2014 in Charts and Graphs, Learn Excel
Modeling tiles in a room using Excel Conditional Formatting

Last week we learned how to answer questions like, “How many tiles in a room?” using Excel. We learned about CONVERT function and fraction number format settings in Excel.

But why stop at calculation? We can even model a room full of tiles, thanks to Excel’s grid nature.

So today, we will learn how to create a room layout as shown above, using Excel.

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Multiplying 24ft 9inches with 6ft 3inches using Excel

Published on Apr 14, 2014 in Excel Howtos
Multiplying 24ft 9inches with 6ft 3inches using Excel

Imagine you are a carpenter and you are tasked with laying wooden floor at Gill Bates’ house. Now Gill B has a very big house and he wants to make sure you do a good job. So instead of asking you to lay the floor for entire house, he asks you to finish flooring in the guest bedroom first. Here are the dimensions of that guest bedroom.

  • Width: 6ft 3inches
  • Length: 24ft 9inches
  • Size of individual wooden floor board: 2ft x 4inches

And here is the big question you are facing.

What?!? the guest bedroom width is only 6ft 3inches?

But over the years of chiseling and polishing you have learned to keep quiet and do your work.

So the real question you have is, How many wooden floor boards should you buy?

Of course, you want to find the answer using Excel. Why else would a carpenter read this blog?

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Calculating Maximum Change [solutions & discussion]

Published on Mar 26, 2014 in Excel Howtos, Formula Forensics
Calculating Maximum Change [solutions & discussion]

Last Friday, we had a fun little Excel challenge – Calculate Maximum Change. More than 170 people commented and shared their solutions to this problem.

And the best part?

The best part is the variety of solutions & thinking displayed by our community. So if you are one of those 170, puff your chest & pat yourself on the back. Go ahead, I will wait.

Today, lets take a look at some of these awesome formulas and understand how they work. Read on and watch the video you below to gain few awesomeness pounds.

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CP002: VTALKUP – 5 Excel lookup functions demystified + 4 Resources for you

Published on Mar 13, 2014 in Chandoo.org Podcast Sessions
CP002: VTALKUP – 5 Excel lookup functions demystified + 4 Resources for you

In the second session of Chandoo.org Podcast, We will be learning how to use 5 Excel lookup functions.

What is in this session?
In this session, we tackle one of the most important areas of Excel. The lookup functions.

You will learn,

  • Why lookup functions are necessary
  • 5 Important lookup functions in Excel – VLOOKUP, HLOOKUP, LOOKUP, MATCH & INDEX
  • When & how to use each of these 5 functions?
  • Extreme scenarios:
    • What happens when the value you are looking up is not there?
    • What if too many items match the lookup value?
    • What if you have too many conditions in the lookup criteria?
  • Using IFERROR function
  • Re-cap of the new powers you acquired
  • 4 Resources for you to learn lookup functions better
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