All articles with 'Excel 101' Tag
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.Continue »
This is part of our Excel Interview Questions series.
VLOOKUP or INDEX+MATCH? When you should use each function and why?
This is such a great question to ask in interviews. So in my first installment of Excel interview questions, let me answer it.Continue »
Obviously, everywhere you look this week, you find advice on how to do better this year.
Well, you don’t have to wait for a new year to become awesome at your work, any day is new year for the rest of your life.
So, today I want to share 12 steps to learn Excel and becoming awesome. But first I have a secret to confess…,
I think becoming awesome in Excel useless.
What we really want is, to become awesome in our work. Since we spend a lot of time using Excel (and other office software), knowing how to use these better can have a huge impact on how we do our work.
In that spirit, lets look at 12 steps to learn Excel so you become awesome in your work.Continue »
The first step of getting awesome in Excel is to understand that you can ask Excel do things for you. This is done by speaking a special language called as “Excel Formulas”. When you write a formula or function, you are asking Excel to figure out something from the values you have. Say you want to add up a bunch of values in a range A1:A10, you can ask Excel to do this for you by writing =SUM(A1:A10) and bingo, you get the result immediately. The best part is, if your numbers change, the answer changes too.
If you are a beginner, the world of Excel formulas can feel overwhelming. Why not? There are hundreds of different formulas in Excel. So which formulas should you learn?
This guide gives you the answer. Here are 100+ most common Excel formula examples for every occasion. Each box describes a problem statement, an example, result, some notes and link to learn more. Use this guide to learn formulas quickly.Continue »
Excel date time features are very handy and knowing how to use Excel date values can help you save a ton of time in your day to day spreadsheet chores. Let us prepare for your date with the sheet using these 10 handy tips.
Before jumping on to the tips, it helps to know how excel represents the date and time.
Microsoft Excel stores dates as sequential numbers … January 1, 1900 is serial number 1, and 20 June, 2018 is serial number 43271 because it is 43,271 days after January 1, 1900. Excel stores times as decimal fractions because time is considered a portion of a day. [Excel Help Text on Date / Time]
So you see, Date and Time are in fact numbers in Excel. Just enter a date in your excel sheet and format it as number to see its equivalent numeric value. If a date is
20-June-2018 and excel represents it as
Excel table is a series of rows and columns with related data that is managed independently. Excel tables, (known as lists in excel 2003) is a very powerful and supercool feature that you must learn if your work involves handling tables of data.
What is an excel table?
Table is your way of telling excel, “look, all this data from A1 to E25 is related. The row 1 has table headers. Right now we just have 24 rows of data. But I can add more later!”Continue »
Excel SUMIFS function is used to calculate the sum of values that meet any criteria. For example, you can calculate the total sales in east zone for product Pod Gun using SUMIFS formula.
In this article, you will learn:
- What is SUMIFS function and how to use it?
- Syntax for SUMIFS
- Using SUMIFS() with tables and structural references
- SUMIFS examples – simple, wild card
- Using SUMIFS() with date & time values
- Free sample file for SUMIFS formula
- More formulas for data analysis
Analyst’s life is busy. We have to gather data, clean it up, analyze it, dig the stories buried in it, present them, convince our bosses about the truth, gather more evidence, run tests, simulations or scenarios, share more insights, grab a cup of coffee and start all over again with a different problem.
So today let me share with you 35 shortcuts, productivity hacks and tricks to help you be even more awesome.Continue »
We all know that learning a few keyboard shortcuts can speedup your Excel game. Most pro users rely on a handful shortcuts when working with large spreadsheets. But when it comes to charting, we automatically reach for mouse. But do you know that you can use few simple shortcuts to do most day to day chart related things?
Ready for top 5 keyboard shortcuts for Excel charts? Read on.Continue »
Pivot tables are fun, easy and super useful. Except, they can be ugly when it comes to presentation. Here is a quick way to make a pivot look more like a report.
- Just type over the headers / total fields to make them user friendly.
See this quick demo to understand what I mean:
So simple and effective.Continue »
Let’s start the new year with a bang.
Excel Tables were introduced more than a decade ago, but a lot of people don’t know them or under utilize them. So start this year by becoming a very table genius.
What is Excel Table?
Excel tables are a simple and elegant way to structure and store your data. Let’s say you have staff details like below. Instead of calling it like A1:E72, you can convert this data in to a table and call it, you guessed it right, covfefe (or more coherent option like – staff).Continue »
Time for another round of unconditional love. Today, let’s learn about conditional formatting top tips. It is one of the most useful and powerful features in Excel. With just a few clicks of conditional formatting you can add powerful insights to your data. Ready to learn the top tips? Read on.Continue »
In the 56th episode of Chandoo.org podcast, let me answer the chicken and egg question of Excel users. How many formulas should you care to learn?
What is in this session?
In this podcast,
- Two personal updates
- 3 legs of formula writing
- Function knowledge
- 6 categories of must-know functions
- Basic math
- Date & time
- Work specific
- Closing remarks & resources for you
At Chandoo.org, we are big believers of keyboard shortcuts. There are several posts (1,2,3,4, more and even more) discussing useful Excel shortcuts. Today I want to introduce a new kind of keyboard shortcuts. One hand shortcuts.
One hand shortcuts – Half the work, double the fun
The idea is simple. When you can use only one hand to complete the shortcut key presses, it is called as a one hand shortcut.Continue »
Let’s say you have a date in A1 and want to find out future date after 2 years, 4 months and 9 days.
Here are a few formulas you can try.
- =A1 + DATE(2,4,9)
- =EDATE(A1, 2*12+4) + 9
- =A1 + 2*365 + 4*30 + 9
Surprisingly, each formula gives a different result! So which one should you use?Continue »