Whether you’re a beginner, power user, or somewhere in between, this Excel resource can be used again and again to brush up. An Excel formula is an equation entered into a cell on the spreadsheet software.It is used to perform calculations on the values entered to obtain the desired result.There are numerical/mathematical, statistical and logical formulas that make easy work of complex calculations.
A good hang of basic Excel functions, therefore, can support marketing goals in a meaningful way.
Investment professionals may find many of the 50 financial functions – which calculate the future value of an investment, the yield on security and loan repayments – among others, useful.
On the other hand, the engineering, scientific and academic community may leverage the Math&Trig, Engineering functions and Statistical functions.
Excel places the functions you’ve used for calculations on the ‘Recently Used’ list.
Here, you can select a category and function to proceed.
If you are not sure of the function, you can search for it in the top search box by entering a relevant description of what you want to do.Excel offers a matrix platform where you can enter and transform data into formatted information. It’s a nifty piece of software that takes the pain and stress from number crunching.Whether you want to create charts, analyze trends in data points, clean data, automate a task, or run a complex system of equations, Excel can help you quickly get it done. To be able to use Excel for calculations effectively, you must have a good idea of how formulas work.Formula basics are easy to master, and after consistent application, you can move on to more niche formulas for specialized tasks.A function is a predefined formula that performs calculations using values indicated in a particular order.To use functions correctly, you’ll need to be aware of the different parts of a function.