{"id":78460,"date":"2020-04-20T10:05:57","date_gmt":"2020-04-20T04:35:57","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?p=78460"},"modified":"2024-04-12T14:24:27","modified_gmt":"2024-04-12T08:54:27","slug":"using-spreadsheets-for-analytics","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/using-spreadsheets-for-analytics\/","title":{"rendered":"Using Spreadsheets for Analytics"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/certified-inventory-and-warehouse-analytics-professional-tutorials\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a><\/p>\n\n\n<p>Spreadsheet packages are good at numerical handling and have a wide range of monetary and statistical functions. Calculations are easily presented in a readable form and to mix text and graphical display. Spreadsheets are inordinately popular, widely available and easy to use.<\/p>\n<ul>\n<li>The flexibility of spreadsheets makes it possible to use them to tackle problems that would be more appropriately modeled with different software.<\/li>\n<li>Their availability and ease of use makes this an extremely common mistake.<\/li>\n<li>Before one can design a spreadsheet, he\/she needs to make sure that a spreadsheet is the most appropriate tool for the job.<\/li>\n<\/ul>\n<p>Excel has a wide range of add-in functions that allows a lot of specific calculations. Many of these can be very useful, but if it is found that many are used, it may suggest specialist packages. For example, if a person is using a lot of the database functions, he probably should be using database software.<\/p>\n<p>The table below compares the strengths and weaknesses of a number of different analysis packages.<\/p>\n<table width=\"612\">\n<thead>\n<tr>\n<td style=\"text-align: left;\" width=\"168\"><strong>Software Type<\/strong><\/td>\n<td width=\"229\"><strong>Strengths<\/strong><\/td>\n<td width=\"215\"><strong>Weaknesses<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td width=\"168\">Spreadsheets<p><\/p>\n<p>e.g.: Microsoft Excel, Lotus 123<\/p><\/td>\n<td width=\"229\">numeric manipulation;<p><\/p>\n<p>financial functions;<\/p>\n<p>user interface;<\/p>\n<p>graphical reports;<\/p>\n<p>easy to learn; and<\/p>\n<p>time series modeling.<\/p><\/td>\n<td width=\"215\">&nbsp;handling large quantities of data;<p><\/p>\n<p>multi-dimensional data;<\/p>\n<p>systems with feedback or circularity;<\/p>\n<p>looping and branching; and<\/p>\n<p>can develop \u201cblack box\u201d systems.<\/p><\/td>\n<\/tr>\n<tr>\n<td width=\"168\">Databases<p><\/p>\n<p>e.g.: Microsoft Access<\/p><\/td>\n<td width=\"229\">handling large volumes of data;<p><\/p>\n<p>user interface;<\/p>\n<p>can develop \u201cblack box\u201d systems; and<\/p>\n<p>Multi-dimensional data.<\/p><\/td>\n<td width=\"215\">complex calculations;<p><\/p>\n<p>complex report structures;<\/p>\n<p>graphical reports; and<\/p>\n<p>time series modeling.<\/p><\/td>\n<\/tr>\n<tr>\n<td width=\"168\">Statistical software e.g.: SAS<\/td>\n<td width=\"229\">handling large volumes of data; and<p><\/p>\n<p>Complex statistical functions.<\/p><\/td>\n<td width=\"215\">expensive; and<p><\/p>\n<p>More difficult to learn.<\/p><\/td>\n<\/tr>\n<tr>\n<td width=\"168\">Multi-dimensional packages<p><\/p>\n<p>e.g.: Oracle Financial Analyser<\/p><\/td>\n<td width=\"229\">multi-dimensional data;<p><\/p>\n<p>handling large volumes of data;<\/p>\n<p>\u201cslice and dice\u201d reporting; and<\/p>\n<p>Aggregation of data.<\/p><\/td>\n<td width=\"215\">specialised use;<p><\/p>\n<p>more difficult to learn;<\/p>\n<p>expensive; and<\/p>\n<p>used more for information reporting than modeling.<\/p><\/td>\n<\/tr>\n<tr>\n<td width=\"168\">System Dynamics packages<p><\/p>\n<p>e.g.: Vensim, Powersim<\/p><\/td>\n<td width=\"229\">systems with feedback or circularity;<p><\/p>\n<p>\u201csoft\u201d variables such as staff morale;<\/p>\n<p>multi-dimensional data; and<\/p>\n<p>graphical representation of the model structure.<\/p><\/td>\n<td width=\"215\">producing financial statements;<p><\/p>\n<p>difficult to understand and accept the processes; and<\/p>\n<p>specialised skills required to develop and maintain.<\/p><\/td>\n<\/tr>\n<tr>\n<td width=\"168\">Rules based packages<p><\/p>\n<p>e.g.: Applications Manager<\/p><\/td>\n<td width=\"229\">can develop \u201cblack box\u201d systems; and<p><\/p>\n<p>looping and branching.<\/p><\/td>\n<td width=\"215\">specialised use; and<p><\/p>\n<p>more difficult to learn.<\/p><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>MS-EXCEL Window Elements<\/strong><\/p>\n<p>Microsoft Excel is a Spreadsheet package that is widely used for data analysis purpose. The work-space called the workbook is divided into a number of sheets called the worksheet. The screen that appears on opening MS-EXCEL is-<\/p>\n<p><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/04\/Chapter-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-78463 aligncenter\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/04\/Chapter-2-300x179.jpg\" alt=\"\" width=\"517\" height=\"308\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/04\/Chapter-2-300x179.jpg 300w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/04\/Chapter-2.jpg 657w\" sizes=\"auto, (max-width: 517px) 100vw, 517px\" \/><\/a><a name=\"_Toc292094369\"><\/a><strong>Various elements are <\/strong><\/p>\n<ul>\n<li>Menu Bar &#8211; It is below the title bar of the window, listing all drop down menu of MS-Excel It has nine drop down menus.<\/li>\n<li><a name=\"_Toc292094370\"><\/a> Status Bar &#8211; It is placed at the bottom of the window display status of keyboard lock keys (Num, scroll, Caps) and other computed result<\/li>\n<li><a name=\"_Toc292094371\"><\/a> Row and Row Number &#8211; The horizontal lines are called the rows these are numbered 1,2,3 and so on up to 65536.<\/li>\n<li><a name=\"_Toc292094372\"><\/a> Column and Column Number &#8211; The vertical lines are called the columns these named A, B, C and so on up to IV.<\/li>\n<li><a name=\"_Toc292094373\"><\/a> Cell &#8211; The intersection of the rows and the columns is called the cell.<\/li>\n<li><a name=\"_Toc292094374\"><\/a> Cell Address &#8211; The cell address comprises of the column name and the row address; therefore, the cell address of the very first cell would be A1 i.e. first column and first row.<\/li>\n<li>Workbooks &#8211; In Microsoft Excel, a workbook is the file in which we work and store our data.<\/li>\n<li>Worksheets &#8211; Use worksheet (The primary document that we use in Microsoft Excel to store and work with data. It is also called as a spreadsheet.<\/li>\n<li><a name=\"_Toc292094375\"><\/a> Work Sheet tabs &#8211; The names of the sheets appear on tabs at the bottom of the workbook window. To move from sheet to sheet, click the sheet tabs.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/www.vskills.in\/certification\/logistics-and-supply-chain-management\/inventory-and-warehouse-analytics-certification\">Certified Inventory and Warehouse Analytics Professional<\/a><\/strong><\/p>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/certified-inventory-and-warehouse-analytics-professional-tutorials\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go back to Tutorial Spreadsheet packages are good at numerical handling and have a wide range of monetary and statistical functions. Calculations are easily presented in a readable form and to mix text and graphical display. Spreadsheets are inordinately popular, widely available and easy to use. The flexibility of spreadsheets makes it possible to use&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-78460","page","type-page","status-publish","hentry","category-logistics-and-supply-chain-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Using Spreadsheets for Analytics - Tutorial<\/title>\n<meta name=\"description\" content=\"Using Spreadsheets for Analytics\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/using-spreadsheets-for-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Using Spreadsheets for Analytics - 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