Become Awesome in Excel by Chandoo.org - A podcast aimed to teach you data analysis, charting, visualization, dashboard reporting, big data analysis, Power Pivot, Self-service BI, Excel based spreadsheet-modeling, automation thru VBA, macros, project management, business analysis, interactive & dyanmic graphs, pivot tables, Excel formulas, functions, calculations, summarizing data, Excel formatting, shortcuts, productivity, application development, beginner to advanced Excel skills, excel tips, techniques, tutorials and templates. We do this by providing you with spreadsheet design strategies & tactics, Excel tips, keyboard shortcuts, productivity hacks, case studies, personal experiences, interviews with Excel authors & Microsoft MVPs, book & product reviews related to Excel and answering your Excel questions & doubts.
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CP010: Averages are Mean – 8 Techniques for making your analysis above average
In the 10th session of Chandoo.org podcast, lets make your analysis above AVERAGE.
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.
Average Formula – Syntax, examples
Moving Average in Excel
Weighted Average in Excel
Special cases:
- Average of every nth value
- Average of last 3 values greater than 0
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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