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McFedries - Excel 2016 Formulas and Functions includes Content Update Program

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McFedries Excel 2016 Formulas and Functions includes Content Update Program
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Book + Content Update Program
Master core Excel 2016 tools for building powerful, reliable spreadsheets with Excel 2016 Formulas and Functions. Excel expert Paul McFedries shows how to use Excel 2016s core features to solve problems and get the answers you need. Using real-world examples, McFedries helps you get the absolute most out of features and improvements ranging from AutoFill to Excels newest functions. Along the way, you discover the fastest, best ways to handle essential day-to-day tasks ranging from generating account numbers to projecting the impact of inflation.
Becoming an Excel expert has never been easier! Youll find crystal-clear instructions; insider insights; even complete step-by-step projects for building timesheets, projecting cash flow, aging receivables, analyzing defects, and more.
Quickly create powerful spreadsheets with range names and array formulas
Use conditional formatting to instantly reveal anomalies, problems, or opportunities
Analyze your data with standard tables and PivotTables
Use complex criteria to filter data in lists
Understand correlations between data
Perform sophisticated what-if analyses
Use regression to track trends and make forecasts
Build loan, investment, and discount formulas
Validate data, troubleshoot problems, and build more accurate, trustworthy spreadsheets
In addition, this book is part of Ques exciting Content Update Program. As Microsoft updates features of Excel 2016, sections of this book will be updated or new sections will be added to match the updates to the software. The updates will be delivered to you via a FREE Web Edition of this book, which can be accessed with any Internet connection. To learn more, visit www.quepublishing.com/CUP.
About MrExcel Library:
Every book in the MrExcel Library pinpoints a specific set of crucial Excel tasks and presents focused skills and examples for performing them rapidly and effectively. Selected by Bill Jelen, Microsoft Excel MVP and mastermind behind the leading Excel solutions website MrExcel.com, these books will
Dramatically increase your productivitysaving you 50 hours a year or more
Present proven, creative strategies for solving real-world problems
Show you how to get great results, no matter how much data you have
Help you avoid critical mistakes that even experienced users make

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Excel 2016 Formulas and Functions
Excel 2016 Formulas and Functions includes Content Update Program - image 1

Paul McFedries

800 East 96th Street Indianapolis Indiana 46240 USA Excel 2016 Formulas and - photo 2

800 East 96th Street
Indianapolis, Indiana 46240 USA

Excel 2016 Formulas and Functions

Copyright 2016 by Pearson Education, Inc.

All rights reserved. No part of this book shall be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the publisher. No patent liability is assumed with respect to the use of the information contained herein. Although every precaution has been taken in the preparation of this book, the publisher and author assume no responsibility for errors or omissions. Nor is any liability assumed for damages resulting from the use of the information contained herein.

ISBN-13: 978-0-7897-5564-3
ISBN-10: 0-7897-5564-5

Library of Congress Control Number: 2015944776

Printed in the United States of America

First Printing: October 2015

Editor-in-Chief
Greg Wiegand

Acquisitions Editor
Michelle Newcomb

Development Editor
Joyce Neilsen

Managing Editor
Kristy Hart

Senior Project Editor
Lori Lyons

Technical Editor
Bob Umlas

Copy Editor
Kitty Wilson

Indexer
Tim Wright

Proofreader
Gill Editorial Services

Editorial Assistant
Kristen Watterson

Compositor
Nonie Ratcliff

Cover Designer
Chuti Prasertsith

Trademarks

All terms mentioned in this book that are known to be trademarks or service marks have been appropriately capitalized. Que Publishing cannot attest to the accuracy of this information. Use of a term in this book should not be regarded as affecting the validity of any trademark or service mark.

Cover design by Chuti Prasertsith
Cover graphic by foxie/ShutterStock

Warning and Disclaimer

Every effort has been made to make this book as complete and as accurate as possible, but no warranty or fitness is implied. The information provided is on an as is basis. The author and the publisher shall have neither liability nor responsibility to any person or entity with respect to any loss or damages arising from the information contained in this book.

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Contents at a Glance
Contents
About the Author

Paul McFedries is an Excel expert and full-time technical writer. Paul has been authoring computer books since 1991 and has more than 85 books to his credit, which combined have sold more than 4 million copies worldwide. His titles include the Que Publishing books My Office 2016, Windows 10 In Depth (with coauthor Brian Knittel), and PCs for Grownups, as well as the Sams Publishing book Windows 7 Unleashed. Paul is also the proprietor of Word Spy (www.wordspy.com), a website devoted to lexpionage, the sleuthing of new words and phrases that have entered the English language. Please drop by Pauls personal website at www.mcfedries.com or follow Paul on Twitter, at twitter.com/wordspy.

Dedication

To Karen

Acknowledgments

Substitute damn every time youre inclined to write very; your editor will delete it and the writing will be just as it should be.

Mark Twain

I didnt follow Mark Twains advice in this book (the word very appears throughout), but if my writing still appears just as it should be, then its because of the keen minds and sharp linguistic eyes of the editors at Que. Near the front of the book youll find a long list of the hard-working professionals whose fingers made it into this particular paper pie. However, there are a few folks I worked with directly, so Id like to single them out for extra credit. A big, heaping helping of thanks goes out to acquisitions editor Michelle Newcomb, development editors Todd Brakke and Joyce Nielsen, project editor Lori Lyons, copy editor Kitty Wilson, compositor Nonie Ratcliff, and technical editor Bob Umlas.

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Introduction

In This Chapter


The old 80/20 rule for softwarethat 80% of a programs users use only 20% of a programs featuresdoesnt apply to Microsoft Excel. Instead, this program probably operates under what could be called the 95/5 rule: Ninety-five percent of Excel users use a mere 5% of the programs power. On the other hand, most people know that they could be getting more out of Excel if they could only get a leg up on building formulas and using functions. Unfortunately, this side of Excel appears complex and intimidating to the uninitiated, shrouded as it is in the mysteries of mathematics, finance, and impenetrable spreadsheet jargon.

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