Excel Database Functions

Excel Database Functions

Database functions are designed to perform simple operations on data that is in a “database-like structure”. Database-like structure means that the data must be in a table structure that has organized records with labels and appropriate separation. In this model, each...
Forecasting in Excel

Forecasting in Excel

What is Forecasting? Forecasting is a technique to establish relationships and trends which can be projected into the future, based on historical data and certain assumptions. This method can be utilized to better understand and make an educated guess on how to adjust...
All You Need to Know for Using Excel Iterative Calculation

All You Need to Know for Using Excel Iterative Calculation

Iterative calculations can help find the solution to mathematical problems by running calculations over and over using previous results. This is made possible by computers that can run calculations repeatedly to find the likelihood of possible answers by getting...
How and Why of Running a Simulation in Excel

How and Why of Running a Simulation in Excel

A simulation is commonly defined as an imitation of a situation or process. This typically entails creating a mathematical model that represents the characteristics and other features of a system. The model then can be used to simulate how the system will respond in...