Tutorial Playlist
68 Lessons1. Excel Tutorial
2. Excel Worksheet for Practice
3. Google Sheets Vs. Excel
4. Excel Shortcut Keys
5. Excel Keyboard Shortcuts
6. Excel AutoSum Shortcut
7. Redo Shortcut in Excel
8. Charts in Excel
9. Pivot Charts in Excel
10. Excel Sum Formula
11. Excel Percentage Formula
12. Excel Age Calculation Formula
13. Excel Range Formula
14. Round Off Formula in Excel
15. VLOOKUP Formula in Excel
16. Excel Transpose Formula
17. Average Equation in Excel
18. How to Use DATEDIF Formula in Excel
19. IRR Formula in Excel
20. Standard Deviation Formula
21. Excel Age Calculation Formula
22. Excel MAX Function
23. Excel LEFT Function
24. Excel RIGHT Function
25. Trim Function In Excel
26. LookUp function in Excel
27. Columns in Excel
28. How To Sort Data In Excel
29. How To Freeze Panes in Excel
30. Page Setup in Excel
31. How to Recover an Unsaved Excel File
32. Concatenate in Excel
33. Count In Excel
34. IF Condition In Excel
35. H LOOK UP in Excel
36. How Do You Move Columns in Excel
37. Split Cells in Excel
38. Remove Blank Rows in Excel
39. How To Lock Cells in Excel
40. Data Validation in Excel
41. How to Insert Checkbox in Excel
42. How To Highlight Duplicates in Excel
43. Fill Series in Excel
44. How to Create Excel Drop-Down List
45. What-If Analysis in Excel
46. How to Use SUMIFS Function in Excel
47. INDIRECT Function in Excel
48. Pivot Table in Excel
49. Slicers in Excel
50. How to Create a Dashboard in Excel
51. Excel Data Cleaning
52. Data Analysis In Excel
Now Reading
53. Goal Seek in Excel
54. Solver in Excel
55. Power Query in Excel
56. Macros In Excel
57. How To Make Graph in Excel
58. How To Make Histogram In Excel
59. How To Convert PDF to Excel Without Software
60. Barcode Font For Excel
61. Gantt Chart in Excel
62. Excel RANK function
63. AND Function in Excel
64. How to Calculate NPV
65. Format Painter in Excel
66. Count Colored Cells in Excel
67. Amortization Schedule in Excel
68. Master Cell References in Excel
Data analysis in Excel enables you to import, analyze, browse, clean, and display your data using this five-problem-one-solution data management tool. In my field of work, MS Excel is my main tool for handling and analyzing data.
If you’re unfamiliar with how this software works, an Excel tutorial can help you gain a basic understanding. However, if you already know how to navigate Excel, this guide to data analysis using Excel can help you upskill yourself.
Data analysis is a strategic way of transforming, cleaning, inspecting, and modeling data to extract useful information, draw conclusions, and support decision-making. It involves a variety of techniques and methods for gaining insights from raw data. Data analysis helps to obtain a deeper understanding of patterns, trends, relationships, and characteristics within the dataset.
Data analysis in MS Excel has several steps. They are:
Before we start, I will always recommend getting a professional Data Science certificate to take a proactive step into this career field. You can perform and study data analysis in Excel using several techniques that depend on the type of data and the specific insights you're looking to reveal. Here’s a basic guide I’ve put together to get you started:
Any set of information graphically represented in Excel is called a chart. Charts are useful for conveying trends, relationships, and trends within datasets in a clearer and more visually attractive format. Excel has several chart types available, or you can use the Excel Recommended Charts option to look at charts specifically made for your data.
Step 1: Select a table. Go to the Insert tab at the top of the ribbon. In the charts group, select any chart. Here, I am showing how to select a 3-D column chart.
Step 2: As it is shown, the MS Excel table has been converted into a 3D column chart
You will observe that the data analysis tool in Excel trends and patterns in your data will be highlighted with the help of conditional formatting. So, if you want to use it, write rules that determine the format of cells depending on their values. If you want to perform data analysis in Excel for Windows, conditional formatting can be applied to a set of cells, an Excel table, and even a PivotTable report.
Step 1: Click Conditional Formatting on the Home tab. You can either choose from the following:
To add the data analysis tool in Excel, you will need to enable the "Analysis ToolPak" add-in. So here I am listing down the step-by-step process on how you need to do it:
Once you complete these steps, the tool should be available under the "Data" tab in the Excel ribbon. You can then use it for data analysis and statistical tasks like correlation, regression, histograms, and more.
If you are exploring MS Excel, you will gradually discover Excel formulas for data analysis with hundreds of functions. And trying to match the proper formula with the right kind of data analysis is overwhelming.
The most valuable functions don't need to be difficult. By following these, you’ll wonder how you’ve lived without these easy functions that will increase your ability to interpret data.
1. Concatenate
The formula =CONCATENATE is used while performing data analysis in Excel. It is one of the simplest to understand but most powerful. Text, dates, numbers, and other data from numerous cells can be combined into a single cell.
2. Len()
For data analysis in Excel, LEN shows the number of characters in each cell. It’s often used when working with text that has a character limit or when trying to distinguish between product numbers.
Syntax
SYNTAX = LEN (text)
Source: Analytics Vidya
3. Days()
The function ‘DAYS’ for data analysis in Excel, calculates the number of calendar days between two dates.
Syntax:
Syntax=DAYS (end_date, start_date)
4. Networkdays
The function of data analysis using excel automatically excludes weekends, classifying as a Date/Time Function. In accounting and finance, it's used to determine employee benefits, project timelines, or business days needed to resolve customer issues, among other applications.
Syntax:
= NETWORKDAYS (start_date, end_date, [holidays])
5. Sumifs()
The most famous formula for data analysis in Excel is =SUMIFS. Although it may be similar with the =SUM formula, you can use it only if you need to sum data based on numerous criteria.
Syntax:
= SUMIFS (sum_range, range1, criteria1, [range2], [criteria2], …)
6. Averageifs()
The formula AVERAGEIFS enables you to calculate the average depending on one or more criteria
Syntax:
= AVERAGEIFS (avg_rng, range1, criteria1, [range2], [criteria2], …)
7. If ()
The IF function is one of the most common Excel formulas for data analysis used to computerize decision-making in your Excel sheet. You can use IF to conduct a different automation or show a different value based on the results of a logical test (a decision).
Syntax:
= IF (logical_test, [value_if_true], [value_if_false])
Let’s explore some methods for conducting data analysis in Excel:
Your data may be in either table or range format. Based on whether it is organized as a range or a table, specific actions can be performed on it. In my opinion, some procedures yield better results when data is structured within tables as opposed to ranges.
Here are some statistical functions exclusively applicable to tables:
You may need to Sort or filter your data to prepare for data analysis or to showcase specific crucial data points. Sort and Filter are some of the easiest Excel formulas for data analysis.
Sorting helps sort data in ascending or descending order in columns, whereas filters are used to present data that meets specified criteria. These filters may include:
Excel Lookup Functions help you search through a large amount of data for data values that fit a set of criteria. There are two different types of lookup functions: Hlookup and Vlookup.
As a data analyst, I use both these functions to find a value in a database. retrieve other values that correspond to that value.
Excel is an important tool for data analysis. It provides many features that allow users to analyze and manipulate large amounts of data efficiently.
Speaking of data analysis, consider taking up a professional online data analysis course from upGrad. You will not only learn the basics of this field but also learn Excel for data analysis specifically. They may involve machine learning, statistical modeling and many more.
For data analysis in Excel, you need to organize your data, utilize Excel functions for calculations, create PivotTables for summarization, apply filters and sorting for data manipulation, visualize data with charts, use advanced analysis techniques if necessary, review and interpret results, document your analysis process, and present findings effectively.
2. What are the data analysis tools in MS Excel?
In MS Excel, data analysis can be performed using several tools like PivotTables, Power Query, Excel functions (e.g., VLOOKUP, SUMIFS), Solver, What-If Analysis, Data Tables, and Excel's charting features.
3. How to do data analysis?
To conduct data analysis, you can start by collecting relevant data, then clean and organize it. Next, incorporate correct statistical or analytical techniques to get insights and draw conclusions. Finally, present your findings clearly and effectively to inform decision-making processes.
4. What is analysis data table Excel?
An Analysis Data Table in Excel is a tool used for sensitivity analysis. You can do so by calculating multiple outcomes depending on other input values.
5. What Data Analysis means?
Data analysis is the process of examining, transforming, and interpreting data to discover useful information, patterns, and insights.
6. Where is Data Analysis tool in Excel?
In Excel, the Data Analysis Toolpak is in the "Data" tab of the ribbon. If it's not visible, you may need to enable it through the Excel options.
7. How to use VLOOKUP in Excel?
For using VLOOKUP you need to write "=VLOOKUP(" in a cell, followed by the search value and table range separated by commas, Followed by that enter the column number,it will indicate "FALSE" for exact match or "TRUE" for approximate match, then close the content and press Enter.
8. How to use Excel step by step?
Open Excel to create or open a workbook, after that enter and format data, perform calculations, insert or delete rows/columns, create charts, save, review, edit, and finally, close Excel.
9. Where do I find data analysis?
You can find data analysis tools in the "Data" tab of Excel.
Devesh
Passionate about Transforming Data into Actionable Insights through Analytics, with over 3+ years of experience working in Data Analytics, Data V…Read More
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upGrad does not grant credit; credits are granted, accepted or transferred at the sole discretion of the relevant educational institution offering the diploma or degree. We advise you to enquire further regarding the suitability of this program for your academic, professional requirements and job prospects before enr...