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One of the most powerful MS Excel features is a pivot table. When I first started using them, I'll admit, they seemed a bit daunting. But once I got the hang of it, I realized just how indispensable they are for summarizing and analyzing complex data.
In this article, I'll guide you through the ins and outs of this tool, breaking down the process step by step so you can wield a pivot table in Excel with confidence and expertise.
Learning about the pivot table in Excel is crucial to Excel training and stands out as one of the most powerful and indispensable features of this spreadsheet software. Its primary function? Wrangling large volumes of data into a structured table format. Without it, this task could be a tedious ordeal, but with the pivot table's help, it's swift and effortless.
What sets the pivot table apart is its ability to neatly organize chaotic data, making insights readily accessible. With a simple rearrangement, data can be shifted and grouped to reveal different perspectives and answers. Hence, its name – pivot table – implying its capability to pivot or rotate data seamlessly, providing users with versatile analytical tools.
The pivot table in Excel is invaluable for summarizing, analyzing, displaying, and organizing extensive datasets. They streamline complex information, making it more manageable and comprehensible. With pivot tables, users can efficiently address intricate data queries and uncertainties, facilitating smoother decision-making processes and insightful analysis.
A pivot table can be used in the following circumstances:
A holistic understanding of pivot table in Excel also includes knowing about its components. I have explained the various components of a pivot table here:
After creating a pivot table in Excel, the application automatically starts to record the data inserted in the pivot table and keeps them stored in its memory. This backup data is referred to as the pivot cache. When the point of view of a pivot table is changed, Excel uses this pivot cache to calculate the final result or output in no time.
The cells of MS Excel that hold the calculations in a pivot table are known as the value area.
The rows that exist just adjacent to the value area are known as the rows area of a pivot table in Excel.
A value area in a pivot table has various headings that distinguish between various data. This heading area is located just above the value area and is known as the column area.
The filter area is an option available in a pivot table that filters a particular data that the user wants to calculate.
There are numerous circumstances where a pivot table is required to ease down work and calculation. Here are the top three instances or examples when a pivot table is required in Excel:
1. Creation of a Budget
One of the most important tasks of a pivot table is to track the budget, it can be a personal money budget or the budget of a big business firm. It helps to track expenditures, gives you various ideas about saving money, and eases complicated budget calculations. A budget pivot table must contain the following heads:
2. Making of a PTO Tracker
Paid time off or PTO is a time when an employee takes a leave from his work and is still getting paid for those days when he did not work. The PTOs of a company are tracked and supervised by HR. Hence, to assist an HR with this tracking a pivot table in Excel comes into rescue.
The HR can track all the PTOs of every employee by simply putting them together inside a pivot table. Data on various leaves like sick leave, overtime hours, hours of PTO, etc are tracked and calculated minutely with the help of a pivot table.
3. Closely Analyzing a Campaign Performance
A pivot table allows a user from a business company to track the performance of the last campaign by vividly studying regional success and acceptance.
You might be wondering how to create pivot table in Excel. There are a few simple steps that you need to follow, however, it might be quite intimidating for a beginner. Here I have discussed each step in detail:
To insert a pivot table in Excel you must follow these steps:
Source: MS Excel
Source: MS Excel
You can easily create a two-dimensional pivot table in Excel by moving different fields to different areas like you can move the region section to the column area or sales data to the vale area. This creates a new point of view and thus you can easily create a two-dimensional pivot table.
MS Excel has a feature that allows in grouping of the pivot table data in various segments so that all the calculations can be easily implemented and distinguished from other data. If you want to create a separate group then you have to follow these steps:
Source: MS Excel
MS Excel has a feature where you can add percentage contributions in various forms. To add a percentage contribution you need to follow these steps:
Source: MS Excel
In short, a pivot table in Excel is a super handy tool for making sense of complicated data. They might seem tricky at first, but once you get the hang of them, they can really help you understand your data better. Whether you're new to Excel or a pro, learning how to use pivot table in Excel can make your life a whole lot easier.
Excel skills are mandatory especially if you are pursuing data science or analysis as a career. upGrad not only offers expertly-designed Excel tutorials and courses, but also other relevant data science courses.
The pivot table in Excel is used to summarize and analyze huge data which is difficult to calculate.
If you want to create a pivot table in Excel you must go to the insert tab. There under the table group option, you can insert a pivot table in your Excel worksheet.
In Excel, there isn't a specific "Pivot Table formula" per se, as pivot tables are created using the PivotTable tool and not formulas.
MS Excel has many built-in features, pivot chart is one of those features. The main function of a pivot chart is to summarize the data that are available in the pivot table.
The command for creating a new pivot table in a new Excel worksheet is Fn+F11.
There isn’t one. However, some common Excel formulas used in pivot tables include SUM, AVERAGE, COUNT, and IF, among others. These formulas allow you to calculate values based on the data in your pivot table and customize the analysis to suit your needs.
The shortcut for creating a new pivot table in a new Excel worksheet is Fn+F11. And if you wish to create a pivot table in the existing worksheet then you need to press Alt+F1.
Pivot in MS Excel is a simple feature that refines or remolds the data and value. Whereas, a pivot table is an extremely powerful feature that summarizes and calculates the value of very complicated data.
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