Excel Template: Histogram Builder with Adjustable Bin Sizes

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

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 >>

Three Key Principles of Visual Design in Excel

Visual Design is a concept that many people don’t think about when using Excel.  However, given how much Excel’s visual display capabilities have improved over the years, the concept is becoming more and more important.  There are a number of great books on Visual Design and they all have very similar themes. The following post is ...

How to Paste Excel Chart Formatting

Pasting chart formats is an Excel function that’s somewhat un-intuitive to find and therefore underutilized.  One of the main reasons that people don’t bother improving the formatting of their charts is because of the time it takes to make these adjustments.  By using the paste format function for your charts, you can save yourself time ...

How to Use Excel Custom Number Formatting

Because it’s buried deep in the cell formatting menu and has very little documentation, Excel’s custom number formatting is probably its most underutilized feature.  Understanding and mastering this feature can greatly enhance the Visual Design of your Excel workbooks.  The key benefit of custom number formatting is: It allows you to change the appearance of your ...

How to Add Total Data Labels to the Excel Stacked Bar Chart

For stacked bar charts, Excel 2010 allows you to add data labels only to the individual components of the stacked bar chart.  The basic chart function does not allow you to add a total data label that accounts for the sum of the individual components.  Fortunately, creating these labels manually is a fairly simply process. Step ...

How to Learn Excel

Instructor with Students in Computer Lab

The majority of people who are really good at Microsoft Excel will tell you that they gained their knowledge simply through experience.  When I was a management consulting analyst, I’d frequently be given tasks that I thought were impossible with a spreadsheet; the process of coming up with an Excel solution was what really established ...