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Why XLOOKUP is the Superior Choice Over VLOOKUP
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
Mastering Chi-Square Distribution in Excel
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
What is the data lake and data warehouse | Key difference between data lake and data warehouse
There are few key terms and concepts in data analytics which are really crucial to understand. The concept of data analysis and data lakes are among those important concept.
How to use Goal seek in Excel | Steps for Goal seek in Excel | VBA codes for goal seek
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