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Stephen L. Nelson - Excel Data Analysis For Dummies

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Stephen L. Nelson Excel Data Analysis For Dummies

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Harness the power of Excel to discover what your numbers are hiding

Excel Data Analysis For Dummies, 2nd Edition is the ultimate guide to getting the most out of your data. Veteran Dummies author Stephen L. Nelson guides you through the basic and not-so-basic features of Excel to help you discover the gems hidden in your rough data. From input, to analysis, to visualization, the book walks you through the steps that lead to superior data analysis.

Excel is the number-one spreadsheet application, with ever-expanding capabilities. If youre only using it to balance the books, youre missing out on a host of functions that can benefit your business or personal finances by uncovering trends and other important information hidden within the numbers. Excel Data Analysis For Dummies, 2nd Edition eliminates the need for advanced statistics or analysis courses by allowing you to harness the full power of Excel to do the heavy lifting for you. This 2nd Edition is fully updated to include information about Excels latest features, making it a your go-to Excel guide for data analysis. Topics include:

  • Working with external databases
  • PivotTables and PivotCharts
  • Using Excel for statistical and financial functions
  • Solver, Small Business Finance Manager, and more

The book also includes a guide to chart types and formatting, and advice on effective visual data presentation. You already have the data, so you might as well get something great out of it. Excel Data Analysis For Dummies, 2nd Edition is the key to discovering what your numbers are hiding.

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Excel Data Analysis For Dummies 2nd Edition Published by John Wiley Sons - photo 1

Excel Data Analysis For Dummies, 2nd Edition

Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com

Copyright 2014 by John Wiley & Sons, Inc., Hoboken, New Jersey

Published simultaneously in Canada

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 the prior written permission of the Publisher. 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 .

Trademarks: Wiley, For Dummies, the Dummies Man logo, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. 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.

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Library of Congress Control Number: 2013957980

ISBN 978-1-118-89809-3 (pbk); ISBN 978-1-118-89808-6 (ebk); ISBN 978-1-118-89810-9 (ebk)

Manufactured in the United States of America

10 9 8 7 6 5 4 3 2 1

Chapter 1

Introducing Excel Tables

In This Chapter

Picture 2 Figuring out tables

Picture 3 Building tables

Picture 4 Analyzing tables with simple statistics

Picture 5 Sorting tables

Picture 6 Discovering the difference between using AutoFilter and filtering

First things first. I need to start my discussion of using Excel for data analysis by introducing Excel tables, or what Excel used to call lists. Why? Because, except in the simplest of situations, when you want to analyze data with Excel, you want that data stored in a table. In this chapter, I discuss what defines an Excel table; how to build, analyze, and sort a table; and why using filters to create a subtable is useful.

What Is a Table and Why Do I Care?

A table is, well, a list. This definition sounds simplistic, I guess. But take a look at the simple table shown in Figure . This table shows the items that you might shop for at a grocery store on the way home from work.

Excel Data Analysis For Dummies - image 7 As I mention in the Introduction of this book, many of the Excel workbooks that you see in the figures of this book are available for download from this book's companion website. For more on how to access the companion website, see the Introduction.

Commonly, tables include more information than Figure . In column A, for example, the table names the store where you might purchase the item. In column C, this expanded table gives the quantity of some item that you need. In column D, this table provides a rough estimate of the price.

Figure 1-1 A table Start out with the basics Figure 1-2 A grocery list - photo 8

Figure 1-1: A table: Start out with the basics.

Figure 1-2 A grocery list for the more serious shopper like me An Excel table - photo 9

Figure 1-2: A grocery list for the more serious shopper like me.

An Excel table usually looks more like the list shown in Figure .

Let me make a handful of observations about the table shown in Figure . First, each column shows a particular sort of information. In the parlance of database design, each column represents a field. Each field stores the same sort of information. Column A, for example, shows the store where some item can be purchased. (You might also say that this is the Store field.) Each piece of information shown in column A the Store field names a store: Sams Grocery, Hughes Dairy, and Butchermans.

The first row in the Excel worksheet provides field names. For example, in Figure , row 1 names the four fields that make up the list: Store, Item, Quantity, and Price. You always use the first row, called the header row, of an Excel list to name, or identify, the fields in the list.

Starting in row 2, each row represents a record, or item, in the table. A record is a collection of related fields. For example, the record in row 2 in Figure shows that at Sams Grocery, you plan to buy two loaves of bread for a price of $1 each. (Bear with me if these sample prices are wildly off; I usually don't do the shopping in my household.)

Row 3 shows or describes another item, coffee, also at Sams Grocery, for $8. In the same way, the other rows of the super-sized grocery list show items that you will buy. For each item, the table identifies the store, the item, the quantity, and the price.


Excel Data Analysis For Dummies - image 10 Something to understand about Excel tables

An Excel table is a flat-file database . That flat-file-ish-ness means that theres only one table in the database. And the flat-file-ish-ness also means that each record stores every bit of information about an item.

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