#WHAT IF DATA ANALYSIS EXCEL HOW TO#
#WHAT IF DATA ANALYSIS EXCEL PROFESSIONAL#

datapine is one of the easiest solutions you can find to filter and pre-aggregate data without any SQL knowledge and export the resulting datasets to Excel. After all your sources are connected, you donвЂ™t need to worry about manually updating the data since the tool will automatically add the latest information available so you can work with real-time data from wherever you are.ДЄccessibility: One of the main setbacks from performing data analysis in Excel is the fact that it is segregated only to people with specific skills.

#WHAT IF DATA ANALYSIS EXCEL PROFESSIONAL#

datapineвЂ™s BI reporting tool offers professional data connectors so you can connect all your data sources into one single point of access with just a few clicks. Real-time insights: As we mentioned, the static nature of Excel data analysis makes them less efficient and more expensive since by the time a report is done, the data might already be outdated.

Like, this you donвЂ™t need to wait hours or days to get your information as it will automatically be available for you with just a few clicks. All your information from several sources can be visualized in one single dashboard that can be filtered depending on the needed data. With modern BI tools data management has never been easier. Considering that in todayвЂ™s fast-paced world the data is needed for yesterday, all the time it takes to perform the analysis in Excel might not be worth it. First you need to perform the analysis and then visually prepare the results either with and Excel dashboard or a static PowerPoint presentation.

Some extra benefits from using a BI tool for your Excel data analysis are:ДЄgile decision-making: Traditional Excel analytics often takes time. Easily access and explore your data, then filter and structure it before exporting the resulting dataset to Microsoft Excel. With datapine we designed a self-service BI solution that doesnвЂ™t require more than a basic knowledge of Microsoft Office for advanced data analysis in Excel and is mostly operated via an intuitive drag-and-drop interface that translates user interactions in SQL. While Excel is a popular tool that has been used for analysis and reporting for decades, it can no longer compete with the rise of business intelligence and self-service tools that are accessible and user-friendly.

#WHAT IF DATA ANALYSIS EXCEL HOW TO#

Click OK.Have you ever performed data analysis in Excel? While most people are familiar with Microsoft Excel, there are just a few of them who know how to extract data from a database, making this tool segregated only to people with the needed technical skills. Click in the changing box and select cell C4. On the Data tab, in the Forecast group, click Analysis.

Goal Seek What if you want to know how many books you need to sell for the highest price, to obtain a total profit of exactly You can use Goal Seek feature to find the answer. Result: Conclusion: if you sell for the highest price, you obtain a total profit of if you sell for the highest price, you obtain a total profit of etc. Next, select cell D10 (total profit) for the result cell and click on OK. Click the Summary button in the Scenario Manager. Scenario Summary To easily compare the results of these scenarios, execute the following steps. Excel will change the value of cell C4 accordingly for you to see the corresponding result on the sheet. Note: to see the result of a scenario, select the scenario and click on the Show button. Type a name highest), select cell C4 sold for the highest price) for the Changing cells and click on OK. However, analysis enables you to easily compare the results of different scenarios. Note: You can simply type in a different percentage into cell C4 to see the corresponding result of a scenario in cell D10. You can use the Scenario Manager to create these scenarios. You sell a certain for the highest price of and a certain for the lower price of If you sell for the highest price, cell D10 calculates a total profit of 60 40 Create Different Scenarios But what if you sell for the highest price? And what if you sell for the highest price? Or or even Each different percentage is a different scenario. Assume you own a book store and have 100 books in storage. The following example helps you master analysis quickly and easily. Preview text Analysis Analysis in Excel allows you to try out different values (scenarios) for formulas.

What if data analysis excel