Excel 2016 Formulas
Published by
John Wiley & Sons, Inc.
10475 Crosspoint Boulevard
Indianapolis, IN 46256
www.wiley.com
Copyright 2016 by John Wiley & Sons, Inc., Indianapolis, Indiana
ISBN: 978-1-119-06786-3
ISBN: 978-1-119-06792-4 (ebk)
ISBN: 978-1-119-06798-6 (ebk)
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional person should be sought. Neither the publisher nor the author shall be liable for damages arising herefrom. The fact that an organization or Web site is referred to in this work as a citation and/or a potential source of further information does not mean that the author or the publisher endorses the information the organization or website may provide or recommendations it may make. Further, readers should be aware that Internet websites listed in this work may have changed or disappeared between when this work was written and when it is read.
For general information on our other products and services please contact our Customer Care Department within the United States at (877) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002.
Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.
Library of Congress Control Number: 2015958259
Trademarks: Wiley and the Wiley logo are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates, in the United States and other countries, and may not be used without written permission. Excel is a registered trademark of Microsoft Corporation. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc. is not associated with any product or vendor mentioned in this book.
About the Authors
Michael Alexander is a Microsoft Certified Application Developer (MCAD) and author of several books on advanced business analysis with Microsoft Access and Microsoft Excel. He has more than 15 years of experience consulting and developing Microsoft Office solutions. Mike has been named a Microsoft MVP for his ongoing contributions to the Excel community. In his spare time, he runs a free tutorial site, www.datapigtechnologies.com , where he shares Excel and Access tips.
Dick Kusleika has been awarded as a Microsoft MVP for 12 consecutive years and has been working with Microsoft Office for more than 20. Dick develops Access- and Excel-based solutions for his clients and has conducted training seminars on Office products in the United States and Australia. Dick also writes a popular Excel-related blog at www.dailydoseofexcel.com .
About the Technical Editor
Niek Otten lives in the Netherlands. He started in data processing in 1967 in an insurance company. He ran into Visicalc in 1980 and has been addicted to spreadsheets ever since. His first encounter with Excel (version 1!) was in 1985 on a Macintosh. Since 2005, Niek has been self-employedreviewing books, writing articles, and developing Excel-related software, such as a high-performance actuarial add-in.
Credits
Acquisitions Editor
Stephanie McComb
Project Editor
Kelly Talbot
Technical Editor
Niek Otten
Production Editor
Rebecca Anderson
Copy Editor
Karen Gill
Manager of Content Development and Assembly
Mary Beth Wakefield
Marketing Director
David Mayhew
Marketing Manager
Carrie Sherrill
Professional Technology & Strategy Director
Barry Pruett
Business Manager
Amy Knies
Executive Editor
Jody Lefevere
Project Coordinator, Cover
Patrick Redmond
Proofreader
Rebecca Rider
Indexer
Johnna VanHoose Dinse
Cover Designer
Wiley
Introduction
Theres no arguing that formulas are the true engines of Excel. Employing various Excel functions, formulas enable Excel analysts to create aggregated reporting, complex calculation engines, clever dashboard models, and much more. Indeed, Excel analysts become more productive as their proficiency with Excel functions and formulas improves.
But building proficiency with Excel functions and formulas takes time. Given that Excel contains more than 400 functions, you could spend months, even years, learning which functions are best for certain tasks and which functions can be combined with others functions.
This is where this book comes in. Here, we will introduce you to the world of Excel formulas by guiding you through the various built-in functions Excel has to offer. Each chapter builds on the last, taking you from basic math functions to actually building your own custom functions.
As youll discover, leveraging Excel functions will not only make you more productive, but it will allow you to accomplish tasks that you didnt know could be handled with Excel formulas.
What You Need to Know
This is not a book for beginning Excel users. If you have absolutely no experience with Excel, this is probably not the best book for you unless youre one of a rare breed who can learn a new software product almost instantaneously.
To get the most out of this book, you should have some background using Excel. Specifically, we assume that you know how to
- Create workbooks, insert sheets, save files, and complete other basic tasks.
- Navigate a workbook.
- Use the Excel Ribbon and dialog boxes.
- Use basic Windows features, such as file management and copy-and-paste techniques.
What You Need to Have
This book was written with Excel 2016 as a base, but most of the material also applies to Excel 20072013. If youre using a version prior to Excel 2016, you may find that a handful of functions (such as the new Forecasting functions introduced in Excel 2016) will not be available to you. Any function not available in all four versions of Excel will be called out in each chapter.
Next page