excel ocr1

8/14/2019 Excel OCR1

1/14

Building Analytic Applications using MS-EXCEL

Analyzing Data for Business Operation/Chapter 1 Slide 1 of 14Ver. 1.0

In this session, you will learn to:

Process data using mathematical and logical functions

Predict trends using statistical functions

Objectives


2/14



Integrating and analyzing large volumes of data is essential

to present an accurate picture of the business situation.

There are various tools and applications available that help

in analyzing data. Microsoft Excel is a spreadsheet

application used for budgeting, accounting, performing

financial analysis, and predicting business trends.

Overview


3/14



The SUMIF function is used to add values in a range if

certain conditions are fulfilled.

The SUMPRODUCT function is used to calculate products

of corresponding values and returns their sum.

Mathematical Functions


4/14



Problem Statement 1.1 (Practice)

David Wong, the Operations Manager of the Sales

Department of Books Treasure, Inc., wants to generate the

monthly sales report. function is used to add values in a

range if certain conditions are fulfilled.Task

To generate the sales report for Books Treasure, Inc.:

Calculate the total sales for the month of July.

Compute the profit for each book category.

Computing Data


5/14



Demonstration

Demonstrate the usage of the Subtotal function.

Computing Data (Contd.)


6/14



1. C1:C8 contains values: 20, 21, 28, 24, 28, 28, 20, 28.

What will be the return value of =SUMIF(C1:C8,=28)?

2. Is it mandatory to enclose the formulae within brackets?

Just a Minute


7/14



IF function evaluates an expression and returns either a

true or a false value.

Nested IF function evaluates multiple conditions.

AND function checks if all the given conditions are met.

Logical Functions


8/14




Books Treasure, Inc. needs to prepare another report

with complete data of books including the book names,

price, and the discount offered based on the price of the

books.Task

Perform the following tasks:

Display No Sales for the books whose quantity sold is zero.

Display No Sales for the books whose quantity sold is zero.

Presenting Informational Data


9/14



1. What will be the result of: =AND (C1>10,C2=15) if the cell

C1 and C2 contain the values 11 and 16, respectively?

2. What will be the result of: =NOT (D1


10/14



The TREND function provides estimate for any given period

on the basis of the data from the previous periods.

Standard deviation (STDEV) function is used to define as

the measure of how widely values are dispersed from the

average value (the mean).

Statistical Functions


11/14




Books Treasure, Inc. has shown a fairly good sales growth

over the past three years. Based on the sales growth in the

last three years, predict the sales for the next two years.

TaskPredict the future values of the next two years using the Trend

function.

Predicting Trends


12/14



1. Which function should you use to identify the most

commonly occurring value?

2. Higher standard deviation is often interpreted as

unpredictability. (True/False)

Just a Minute


13/14



In this session, you learned that:

The SUMIF function checks the value in each cell of a range

before adding the contents of specified cells to a total.

The SUMPRODUCT function calculates the product of

corresponding values and returns their sum.Logical function evaluates an expression and returns either

a true or false value. Some of the logical functions are:

IF

NESTED IF

AND

Summary


14/14


Analyzing Data for Business Operation/Chapter 1 Slide 14 of 14Ver 1 0

OR

NOT

TRUE

FALSE

Statistical functions are used for collection, presentation,analysis, and interpretation of numerical data.

Variance helps in analyzing the extent to which items

deviate or vary from one another or from a standard or

central value.

Standard deviation is defined as the measure of how widelyvalues are dispersed from the average value (the mean).

Summary (Contd.)

excel ocr1

Documents