Microsoft Excel has been a cornerstone of data analysis for decades, and two of its most popular functions are VLOOKUP and XLOOKUP. While both functions are used for looking up and retrieving data, there are significant differences between them. History of VLOOKUP: VLOOKUP was first introduced in Excel 2.0 in 1987. It was a groundbreaking … Read more
Chi-Square Distribution in Excel: A Comprehensive Guide The Chi-Square distribution is a fundamental concept in statistical analysis, widely used in hypothesis testing, regression analysis, and data modeling. Microsoft Excel provides various functions to work with the Chi-Square distribution, making it an essential tool for data analysts and statisticians. Understanding Chi-Square Distribution: Real-Life Analogy: Imagine you’re … Read more
Many a times as data analyst, we are doing scenario planning or simulation. Let’s say (simple example) we have a target of revenue of 200, fixed unit price of 5 and need to tell how many units need to be sold to achieve the targeted revenue. You must be thinking that it can be achieved … Read more
Combine multiple excel files into one excel file may be a challenge for many excel users. Most of the times it is being done manually by using copy paste method, one after another. The challenge in the copy paste method is time. It is consuming too much time as one by one workbooks needs to … Read more
Dashboard creation is a demanding skill in the edge of data science. Interactive Dashboards are required to present a data set in the form of summary or report to users. We are encircled by various dashboards in our daily life or at workplaces. Dashboards are integrated part of smart phones, laptops, and smart watches. Moreover, … Read more