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Analytics

Using IRR with Data Tables – Modeling Cash-flow Scenarios in Excel

Do you want to simulate multiple cash-flow scenarios and calculate the rate of return? Then this article is for you. In this page, learn how to,

Introduction to IRR & XIRR functions
Calculate rate of return from a set of cash-flows with XIRR
Simulating purchase or terminal value changes with data tables
Apply conditional formatting to visualize the outputs
Common issues and challenges faced when using XIRR

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October 16, 2019

Charts and Graphs

Impress with Tornado Charts in Excel

It’s tornado season. Don’t freak out, I am talking about Excel tornado charts. Use them to visualize age and gender-wise KPIs. Here is a quick demo of interactive tornado chart made in Excel. Watch it and read on to learn how to make your own tornado in a spreadsheet.

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October 7, 2019

Excel dropdown list without duplicate entries

Learn Excel

Excel Basics: How to add drop down list to validate data

Validating your data as you type can prevent any surprises when you are doing analysis / follow-up on the data. Thankfully, excel has the right

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September 27, 2019

Stamina Wheel chart in Excel - BOTW Zelda

Charts and Graphs

Zelda Stamina Wheel Chart

I have been playing Zelda: Breath of the wild a lot these days and I LOVE the game. Considered one of the BEST video games all time, BOTW is beautifully designed and offers a lot of entertainment. Don’t freak out yet, Chandoo.org hasn’t suddenly branched into a video gaming blog. Instead, I am here to talk about Stamina Wheel Chart.

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September 25, 2019

Learn Excel

Weighted Average in Excel [Formulas]

Learn how to calculate weighted averages in excel using formulas. In this article we will learn what a weighted average is and how to Excel’s SUMPRODUCT formula to calculate weighted average / weighted mean.

What is weighted average?

Wikipedia defines weighted average as, “The weighted mean is similar to an arithmetic mean …, where instead of each of the data points contributing equally to the final average, some data points contribute more than others.”

Calculating weighted averages in excel is not straight forward as there is no built-in formula. But we can use SUMPRODUCT formula to easily calculate them. Read on to find out how.

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September 19, 2019

How to handle more than one million rows in Excel?

Excel Howtos

How can you analyze 1mn+ rows data – Excel Interview Question – 02

As part of our Excel Interview Questions series, today let’s look at another interesting challenge. How can you analyze more than 1 million rows data in Excel?

You may know that Excel has a physical limit of 1 million rows (well, its 1,048,576 rows). But that doesn’t mean you can’t analyze more than a million rows in Excel.

The trick is to use Data Model.

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September 17, 2019

Extract words from sentence using FILTERXML - formula tip

Excel Howtos

#awesome trick – Extract word by position using FILTERXML()

This is CRAZY!!!. I stumbled on a weird use for FILTERXML() while reading a forum post earlier today. So I couldn’t wait to test it. I am happy to share the results.

Say you have some text (sentence / phrase / keyword etc.) in a cell and you want to extract the nth word. Unfortunately Excel doesn’t have SPLIT() formula. So we end up writing obscenely long array formulas or use gazillion helper columns.

Here is the super sneaky trick. Use FILTERXML() instead.

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September 12, 2019

show cell difference in Excel status bar using VBA

Excel Howtos

Show difference between cells in status bar – VBA Example

We can select a few cells in Excel and quickly see their count, sum etc. in the status bar. Ever wanted to customize the status bar to show something else, say difference? You can use VBA add-ins with application level events to achieve this. In this VBA Example, we will look at how to set up a class module, application event in our personal macro add-in to customize status bar.

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September 10, 2019