In the last two posts, you learnt the basics of Net Present Value (NPV) and how to calculate NPV using formulae. However, Microsoft Excel makes… Read More »How to calculate NPV in Excel using Functions
I’ve covered the basics of Net Present Value (NPV) previously. If you don’t know what NPV is, then please read that post first before continuing.… Read More »How to calculate NPV in Excel using Formulae
Continuing with our Excel Tutorials, in this article, I’ll take you through using Goal Seek in Microsoft Excel 2007. The function is same as that of earlier versions of Excel as well as Excel 2010. The screenshots below are taken in 2007.
Excel 2007 brought a host of new functions to Excel that were missing in Excel 2003. One of these functions was AVERAGEIF which returns the average (arithmetic mean) of all the cells in a range that meet a given criteria. One essential function that is still missing is MEDIANIF or MEDIAN IF which should ideally return the median of all the cells in a range that meet a given criteria.
Two weeks, we looked at the syntax of VLOOKUP, INDEX and MATCH. Last weeks tutorial should have walked you through the basics of VLOOKUP. In this post, we’ll use a similar file from the VLOOKUP tutorial to find a value from the table using INDEX and MATCH.
If you haven’t had a chance yet, please go through the VLOOKUP tutorial. Alternatively, if you’re ready to jump right into INDEX/MATCH, then let’s get started.
Firstly, create the above table in Excel. I’ll be using Excel 2010 in my example. You can also download the examples file before you proceed. The file contains a Questions sheet which you can practice in and a Solutions sheet with the answers.
If you haven’t had a chance to review the basic syntax of the functions, please do read this post before you continue.
Last week, I introduced you to VLOOKUP, INDEX and MATCH. In this post, we’ll use VLOOKUP to find a value from the table.
Firstly, let’s create the above table in Excel. So whip up the installation of Excel you have. You can use either of Excel 2003, Excel 2007 or Excel 2010. I’ll be using Excel 2010 in my example. Download the examples file before you proceed. The file contains a Questions sheet which you can practice in and a Solutions sheet as well.
If you haven’t had a chance to review the basic syntax of the functions, please do read this post before you continue.
VLOOKUP is the easier function of the two to use and understand. It takes just 4 parameters and we’ll be using all 4. And, we’ll look at 4 options of using VLOOKUP.
Excel has several lookup and reference functions. The main purposes of most of the plugins is to lookup some cell or cells from a set of data (usually presented in a table). Of these, the most popular ones are VLOOKUP, INDEX and MATCH.
In my last Excel Tutorial, I covered using SUMIFS and SUMPRODUCT.
Data Tables is also an advanced topic in Microsoft Excel that falls under the category of What-If Analysis. What-If or Sensitivity Analysis is carried out to study the variation of the output to changes in the input variable.
Consider a case of compound interest, where you invest a certain amount of money in a bank deposit and the amount is compounded every year.
Formula for calculating compound interest:
A = P * (1 + r/n) ^ nt
Where:
Now, if suppose we want to see what the final amount will be at different interests rates, we can quickly use a data table for the same.