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

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In the 10th session of Chandoo.org podcast, lets make your analysis above AVERAGE.

CP010: Averages are Mean - 8 Techniques for making your analysis above average - Chandoo.org Podcast

What is in this session?

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

NOTE: This is a 2 part podcast. Listen to first part before hearing this.

Go ahead and listen to the show

Links & Resources mentioned in this session:

Average FormulaSyntax, examples

Moving Average in Excel

Weighted Average in Excel

Special cases:

Statistics & Probability for analyst – a guide

Transcript of this session:

Download this podcast transcript [PDF].

How do you raise above average?

For many of my reports I start with AVERAGE and then improve the metrics to show insights. I try weighted average, median, mode, visualizations and conditional averages.

What about you? What analytical techniques & formulas do you use apart from AVERAGE()? Please share your thoughts using comments.

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7 Responses to “Build models & dashboards faster with Watch Window”

  1. Garyk says:

    yes, I use watches in excel vb

  2. ANAND says:

    Dear Chandoo,

    This is a quite useful for myself. I highly appreciate your efforts for acquainting us with this value adding and time saving tip.

  3. Luke M says:

    I'll admit it, I never saw this feature before. I was familiar with using Watch Window in VB, but not in workbook. I'll definitely use this in future when building dashboards!

  4. harshit says:

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  5. Amit says:

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  6. Pulkit Trivedi says:

    Hello Sir,

    Really very nice post. I didn't use this features in past. But now going to use it..

    Thanks a lot for every time come up with something new..

    Thanks

  7. Hiren Shukla says:

    Very Nice post sir.

    Every Time posting something new.. Thanks a lot

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