All articles with 'Learn Excel' Tag

Pop quiz: What is wrong with above report?

At first glance, it looks alright. But if you observe closely, you realize that it is not telling the entire story. Just looking at regional sales numbers, you have not much clue what is going on with them.

So how to improve it?

Have you ever been in a VLOOKUP hell?

Its what happens when you have to write a lot of vlookup formulas before you can start analyzing your data. Every day, millions of analysts and managers enter VLOOKUP hell and suffer. They connect table 1 with table 2 so that all the data needed for making that pivot report is on one place. If you are one of those, then you are going to love Excel 2013’s data model & relationships feature.

As an analyst (or manager), I bet a good portion of your Excel time is spent writing formulas and getting the results.

So today, let us learn 5 important keyboard shortcuts that will save you a lot of time and help you write better formulas.

Ever seen a formula like =SUMIFS(Sheet1!B2:B3923, Sheet1!C2:C3923, A1, Sheet1!D2:D3923, A2) and wondered what it is really doing?!?

If so, you are not alone.

Formulas written with cell references tend to look complicated and clunky. What if we could write formulas in plain English?

That is what Structural References do. When using structural references in formulas, your focus will be on your data, not on which cell ranges the data takes up.

For example, you can write formulas like these:
1) SUM(mySales[no. of customers]) to find how many customers we had.
2) SUMIFS(mySales[no. of customers], mySales[product], “FastCar”) to find how many customers bought “FastCar”

Here is a question someone asked me in a class recently.

“I know how to use VLOOKUP to find a value based on search term. But I have a slight variation to it. I need to extract value below the cell VLOOKUP finds.”

This is simpler than it sounds.

We can use INDEX + MATCH formulas to do this.

Finally my Excel classes in USA are over. It was a lot of fun traveling to new cities, teaching Excel & dashboards to enthusiastic crowds and making new friends. As if that is not fun enough, we (Jo, kids & I) are going on a 2,000 mile, 2 week road trip starting today.

Although I am enjoying all this, I also feel bad for not taking enough time to share new tricks, ideas & techniques with you here. So, I have a wacky, wild & awesome plan for you. Join us on our road trip.

That is right. You can join me on our road trip and see what I see, learn some pretty cool Excel tricks, all while sipping coffee and stretching legs in the comfort of your office cubicle.

As you may know, I am in USA and having a lot of fun exploring new areas, meeting people and conducting live classes. While all of this is enjoyable, I am also feeling guilty because I am unable to squeeze time to share Excel tips on the blog.

So to make it up to you, I recorded this short video (2 mins) with an Excel tip while bicycling in beautiful Euclid Creek Reservation in Cleveland on Friday. Watch it below.

We all have some projects to manage every now and then and there are needs of various trackers that help us in gauging the progress of the same. One of the most important things are heat maps that quickly help us in visually displaying the names of the projects that need special attention and resolve issues that are impacting them.

Lets say you are looking at some data as shown above and wondering what is the sum of budgets for top 3 projects in East region with Low priority. How would you do that with formulas?

This is interesting, I am in Columbus to meet one of my college friends. I remember him as a very meticulous person from college days. So it is no surprise when he showed me his massively impressive finance tracker last night. He has been tracking expenses, income, credit card payments and gas (petrol) consumption since 2008. Very impressive indeed.

Then out of blue he said, he has a problem with his spreadsheet. In this own words,

When entering data for credit cards, I use one column per card. But in my report view, I want to show credit card details in rows. How do I do this?

Something like above…. Today, lets learn how to do this using Excel formulas.

One of the beautiful things about working on internet is you know so much about people even before you meet them first time. I think I first heard about Mr. Excel in 2006, when I started my career as business analyst. I landed on mrexcel.com while searching for something related to doing cluster analysis using Excel. In a way, mrexcel.com inspired me to share my thoughts and techniques on Chandoo.org.

So it wont be an understatement when I say, I feel like a kid in candy store knowing that Bill Jelen aka Mr. Excel is just a few miles away from where I live. Since Rob Collie and Bill are good friends, I asked Rob if we 3 can meet for dinner. And Bill said yes.

I am meeting Bill for dinner on Friday and Rob, Bill & I will be discussing spreadsheets, technology, share our experiences and bump ideas off each other.

Imagine you have a worksheet with lots of charts. And you want to make it look awesome & clean.

Solution?

Simple, create an interactive chart so that your users can pick one of many charts and see them.

Today let us understand how to create an interactive chart using Excel.

Livio, one of our readers from Italy sent me this interesting problem in email.

I would like to prepare an xy linear graphic as representation of the variation of temperature trough a wall between two different bulk temperature i.e. outside and inside a house. This graphic should show the temperature gradient trough the wall thickness. The wall is normally made by different construction materials (different layers, as bricks, insulation, …..) and so the temperature change but not as a straight line with only one slope, instead as few lines with different slopes (see below figure) Calculations are not difficult, and also prepare the graphic also not difficult.

But, I am looking a beautiful solution for x-axis. X-axis should be divided not with constant interval, instead with different length between each sub-division exactly as the different thickness of the wall. This is a correct graphic, because you can show the correct slope of each straight line though each layer of the wall.

Last week, we had a lovely poll on what are your favorite features of Excel? More than 120 people responded to it with various answers. So I did what any data analyst worth his salt would do,

I analyzed the data and here are the top 10 features in Excel according to you.

Read on to learn more.

Its Friday, time for another poll.

This weeks topic is inspired from a discussion Jordan started in our forums.

I will go first.

My favorite features are,

Conditional formatting: Quickly highlight something that is not alright (or meets conditions), see trends with data bars or heat maps.
Pivot tables: Turn data in to understandable information with just a few clicks. When combined with slicers & conditional formats, becomes very powerful.
Formulas: Ofcourse, with out formulas, Excel would be a glorified notepad!

What about you? What are your favorite features in Excel? Go ahead and share with us by posting a comment.