MS Excel for Data Analysis
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Learn Basic & Advaced Ms Excel concepts for data analysis

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Excel Formulas every data analyst should know
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50 essential Excel formulas

SUM: =SUM(A1:A5)
AVERAGE: =AVERAGE(A1:A10)
VLOOKUP: =VLOOKUP(B1, A2:D10, 3, FALSE)
IF: =IF(A1 > 10, "Yes", "No")
CONCATENATE (or CONCAT): =CONCATENATE(A1, " ", B1)
COUNT: =COUNT(A1:A10)
MAX: =MAX(A1:A10)
MIN: =MIN(A1:A10)
ROUND: =ROUND(A1, 2)
TRIM: =TRIM(A1)
LOWER: =LOWER(A1)
UPPER: =UPPER(A1)
LEFT: =LEFT(A1, 5)
RIGHT: =RIGHT(A1, 5)
MID: =MID(A1, 2, 3)
LEN: =LEN(A1)
FIND: =FIND("search_text", A1)
REPLACE: =REPLACE(A1, 3, 2, "new_text")
SUBSTITUTE: =SUBSTITUTE(A1, "old_text", "new_text")
INDEX: =INDEX(A1:A10, 3)
MATCH: =MATCH(B1, A1:A10, 0)
OFFSET: =OFFSET(A1, 1, 2)
SUMIF: =SUMIF(A1:A10, ">5")
COUNTIF: =COUNTIF(A1:A10, "apple")
AVERAGEIF: =AVERAGEIF(A1:A10, "<>0")
SUMIFS: =SUMIFS(A1:A10, B1:B10, "apple", C1:C10, ">5")
COUNTIFS: =COUNTIFS(A1:A10, ">5", B1:B10, "apple")
AVERAGEIFS: =AVERAGEIFS(A1:A10, B1:B10, "apple", C1:C10, ">5")
IFERROR: =IFERROR(A1/B1, "Error")
AND: =AND(A1>5, A1<10)
OR: =OR(A1="apple", A1="banana")
NOT: =NOT(A1="apple")
DATE: =DATE(2022, 12, 31)
TODAY: =TODAY()
NOW: =NOW()
DATEDIF: =DATEDIF(A1, A2, "D")
YEAR: =YEAR(A1)
MONTH: =MONTH(A1)
DAY: =DAY(A1)
EOMONTH: =EOMONTH(A1, 3)
NETWORKDAYS: =NETWORKDAYS(A1, A2)
WEEKDAY: =WEEKDAY(A1)
HLOOKUP: =HLOOKUP(B1, A1:D10, 3, FALSE)
MATCH: =MATCH(B1, A1:A10, 0)
INDEX-MATCH: =INDEX(A1:A10, MATCH(B1, C1:C10, 0))
TRANSPOSE: =TRANSPOSE(A1:D10)
PIVOT TABLE: =PIVOT_TABLE(A1:D10, "Sales", "Region", "Sum")
RANK: =RANK(A1, A1:A10, 1)
RAND: =RAND()
CHOOSE: =CHOOSE(B1, "Option 1", "Option 2", "Option 3")

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Excel Formulas for Accountants
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Top Excel Formulas Every Data Analyst Should Know

SUM():

Purpose: Adds up a range of numbers.

Example: =SUM(A1:A10)


AVERAGE():

Purpose: Calculates the average of a range of numbers.

Example: =AVERAGE(B1:B10)


COUNT():

Purpose: Counts the number of cells containing numbers.

Example: =COUNT(C1:C10)


IF():

Purpose: Returns one value if a condition is true, and another if false.

Example: =IF(A1 > 10, "Yes", "No")


VLOOKUP():

Purpose: Searches for a value in the first column and returns a value in the same row from another column.

Example: =VLOOKUP(D1, A1:B10, 2, FALSE)


HLOOKUP():

Purpose: Searches for a value in the first row and returns a value in the same column from another row.

Example: =HLOOKUP("Sales", A1:F5, 3, FALSE)


INDEX():

Purpose: Returns the value of a cell based on row and column numbers.

Example: =INDEX(A1:C10, 2, 3)


MATCH():

Purpose: Searches for a value and returns its position in a range.

Example: =MATCH("Product B", A1:A10, 0)


CONCATENATE() or CONCAT():

Purpose: Joins multiple text strings into one.

Example: =CONCATENATE(A1, " ", B1)


TEXT():

Purpose: Formats numbers or dates as text.

Example: =TEXT(A1, "dd/mm/yyyy")

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Essential Excel Functions for Data Analysts 🚀

1️⃣ Basic Functions

SUM() – Adds a range of numbers. =SUM(A1:A10)

AVERAGE() – Calculates the average. =AVERAGE(A1:A10)

MIN() / MAX() – Finds the smallest/largest value. =MIN(A1:A10)


2️⃣ Logical Functions

IF() – Conditional logic. =IF(A1>50, "Pass", "Fail")

IFS() – Multiple conditions. =IFS(A1>90, "A", A1>80, "B", TRUE, "C")

AND() / OR() – Checks multiple conditions. =AND(A1>50, B1<100)


3️⃣ Text Functions

LEFT() / RIGHT() / MID() – Extract text from a string.

=LEFT(A1, 3) (First 3 characters)

=MID(A1, 3, 2) (2 characters from the 3rd position)


LEN() – Counts characters. =LEN(A1)

TRIM() – Removes extra spaces. =TRIM(A1)

UPPER() / LOWER() / PROPER() – Changes text case.


4️⃣ Lookup Functions

VLOOKUP() – Searches for a value in a column.

=VLOOKUP(1001, A2:B10, 2, FALSE)


HLOOKUP() – Searches in a row.

XLOOKUP() – Advanced lookup replacing VLOOKUP.

=XLOOKUP(1001, A2:A10, B2:B10, "Not Found")



5️⃣ Date & Time Functions

TODAY() – Returns the current date.

NOW() – Returns the current date and time.

YEAR(), MONTH(), DAY() – Extracts parts of a date.

DATEDIF() – Calculates the difference between two dates.


6️⃣ Data Cleaning Functions

REMOVE DUPLICATES – Found in the "Data" tab.

CLEAN() – Removes non-printable characters.

SUBSTITUTE() – Replaces text within a string.

=SUBSTITUTE(A1, "old", "new")



7️⃣ Advanced Functions

INDEX() & MATCH() – More flexible alternative to VLOOKUP.

TEXTJOIN() – Joins text with a delimiter.

UNIQUE() – Returns unique values from a range.

FILTER() – Filters data dynamically.

=FILTER(A2:B10, B2:B10>50)



8️⃣ Pivot Tables & Power Query

PIVOT TABLES – Summarizes data dynamically.

GETPIVOTDATA() – Extracts data from a Pivot Table.

POWER QUERY – Automates data cleaning & transformation.


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📊 Excel Hack of the Week

Did you know you can use Flash Fill in Excel to automatically clean and format data without writing formulas?

📝 How to Use Flash Fill?

1️⃣ Type the first correct value manually in the adjacent column.
2️⃣ Press Ctrl + E (or go to Data > Flash Fill).
3️⃣ Excel will recognize the pattern and fill in the rest automatically!

🔍 Example:
Extract first names from "John Doe" → Type "John" → Press Ctrl + E → Done!
Format phone numbers from "1234567890" to "(123) 456-7890" in seconds!
Convert dates from "01-02-2024" to "February 1, 2024" instantly!

📌 Bonus: Try using Flash Fill for splitting names, fixing email formats, or even extracting numbers from text.

You can join @excel_data for free Excel Resources.

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For data analysts, mastering these top 10 Excel concepts is crucial:

1. Formulas and Functions: Understand basic to advanced functions like SUM, AVERAGE, VLOOKUP, INDEX-MATCH, and IF statements.

2. PivotTables: Learn to summarize, analyze, and visualize data efficiently using PivotTables.

3. Data Cleaning and Formatting: Familiarize yourself with tools and techniques for cleaning and formatting messy data, such as text-to-columns, remove duplicates, and conditional formatting.

4. Charts and Graphs: Explore various chart types (e.g., bar, line, scatter) and understand when to use each for effective data visualization.

5. Data Validation: Implement data validation rules to ensure data integrity and accuracy, such as drop-down lists and input restrictions.

6. Data Analysis Tools: Utilize Excel's built-in data analysis tools like Goal Seek, Solver, and Data Tables for scenario analysis and optimization.

7. Conditional Formatting: Apply formatting based on specific conditions to highlight trends, outliers, or anomalies in data.

8. Named Ranges: Organize data efficiently by assigning meaningful names to ranges, making formulas more readable and easier to manage.

9. Data Tables and What-If Analysis: Use data tables to perform sensitivity analysis and scenario modeling for decision-making.

10. Power Query and Power Pivot: Explore advanced data manipulation and analysis capabilities using Excel's Power Query for data extraction, transformation, and loading (ETL) and Power Pivot for data modeling and analysis.

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Useful Shortcut Keys
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