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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

xlookup - what is it, how to use it and examples

Excel Howtos

What is XLOOKUP? 13 formula examples to really understand it

Over the last few days Microsoft released XLOOKUP formula to the early adopters of Excel. Think of XLOOKUP as VLOOKUP 2.0. In this post, learn all about the function, syntax, optional parameters and 13 xlookup examples.

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September 5, 2019

Power BI

Yummy WAFFLE chart in Power BI

Waffles are yummy, Power BI is awesome. The combination is going to send your taste-buds on a cruise. Learn how to make a yummy waffle chart in Power BI.

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September 3, 2019

Excel Challenges

Job Title Matching Problem [Excel Homework]

Howdy folks. Almost the end of August here. Let’s wrap it up with a nice little challenge, inspired from my recent consulting gig. Say you are looking at few job titles that look similar and want to match them to correct title.

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August 30, 2019