Excel Analysis

Excel Template: Histogram Builder with Adjustable Bin Sizes

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If you work in consulting or some other profession that requires you to analyze data, sooner or later, you'll need to build a histogram.  This is because the histograms is one of the most effective methods to visualize and understand a data set.  Averages, sums, and counts are calculations that only tell you part of ... Continue Reading >>

How to Create a Normally Distributed Set of Random Numbers in Excel

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Whether you're building a model or trying to simulate a scenario within your analysis, at some point in your Excel career, you're going to need to use a randomized set of data.  If you need to create a purely random set of numbers, with no specific constraints or parameters, you can just use the RAND ... Continue Reading >>

How to Use the Excel MATCH Formula to Assign Histogram Bins

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One of the most annoying things to have to do in Excel is writing a Nested IF statement.  For those of you that haven't done this before, a Nested IF is basically a long formula with multiple IF conditions that you need to account for.  The most common usage of this formula is to assign ... Continue Reading >>