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.
35 shortcuts & tricks to make you an #AWESOME Data Analyst
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.
Sorting values in Olympic Medal Table style [Quick Tip]
It is Olympic season. Everyone I know is tracking the games and checking their country’s performance. One thing that we notice when looking at medal tally is,
A single Gold medal is worth more than any number of Silver medals. Like wise, a single Silver medal is worth more than any number of Bronze medals.
So, when you look at the ranking of countries, you see countries with single Gold medal higher up than countries with lots of Silver and Bronze medals (but no Gold).
How to use Date & Time values in Excel – 10 + 3 tips
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 28 July, 2021 is serial number 44405 because it is 44,405 days after January 1, 1900. Excel stores times as decimal fractions because time is considered a portion of a day.
Read on to learn more.
6 Essential TEXT functions in Excel with 6 Everyday Examples
Excel text functions are essential for cleaning up data, extracting parts or combining results. Learn the most important functions and their usage in this article.
Highlight due dates in Excel – Show items due, overdue and completed in different colors
Congratulations to you if your job does not involve dead lines. For the rest of us, deadlines are the sole motivation for working (barring free internet & the coffee machine in 2nd floor, of course). So today, lets talk about a very familiar problem.
How to highlight due dates in Excel?
The item can be an invoice, a to do activity, a project or anything. So how would you do it using Excel?
6 Best charts to show % progress against goal
Back when I was working as a project lead, everyday my project manager would ask me the same question.
“Chandoo, whats the progress?”
He was so punctual about it, even on days when our coffee machine wasn’t working.
As you can see, tracking progress is an obsession we all have. At this very moment, if you pay close attention, you can hear mouse clicks of thousands of analysts and managers all over the world making project progress charts.
So today, lets talk about best charts to show % progress against a goal.