HOW EXCEL IS USED IN REAL -WORLD ANALYSIS

Microsoft Excel

Microsoft Excel is a spreadsheet that has been designed for data entry methods, basic formula creation, data sorting and filtering, basic charts and visualizations and file management. Through Excel one gets to identify the knowledge level, explore specific features of interests and applies it through practical examples.

How Excel is used in Real World Scenarios

• Personal and project management Excel is used for personal finances an individual tracks their budgets, calculate expenses and visualize spending trends with charts. Whereas students; it helps them analyze academic performance, for researching data and organizing course schedules.
• Business and Financial Application Excel is used widely in business for organizing data, creating budget forecasts, analyze revenue trends, manage cash flows data analysis and reporting, operational and resource management, administrative and scheduling, inventory and pharmacy management, financial and billing, patient monitoring and research to track the performance.

Examples of features and formulas

Excel has different functions which are used in the worksheet to perform calculations in the cell values provided.

Basic Functions

• SUM, AVERAGE, COUNT, MAX, MIN
• Mathematical operations
• Text manipulation functions
• Date and time functions

Intermediate Functions

• VLOOKUP, HLOOKUP, INDEX, MATCH -Logical functions (IF, AND, OR, NOT) -Error handling (IFERROR, IFNA)
• COUNTIF, SUMIF and the variants

Advanced Functions

• Array formulas
• Financial functions (NPV, PMT)
• Statical analysis function
• Database functions
• Power Query introduction

# Data analysis Features

• PivotTables and Pivot Charts
• Data validation techniques
• Conditional formatting strategies
• What-if analysis tools
• Dashboard creation techniques