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Discover the power of Excel formulas to dynamically calculate year-to-date figures for volume and price. Ideal for analysts, accountants, and anyone seeking to enhance their Excel skills!
⬇️ Grab the workbook here: https://pages.xelplus.com/sumproduct-ytd-file
What's Inside:
▪️ Dynamic Formula for Year-to-Date Volume: Learn to use OFFSET combined with SUM functions to create a formula that dynamically adjusts as you drag it across months and years, avoiding manual adjustments.
▪️ Avoiding Helper Cells with SUMPRODUCT: Discover how to use SUMPRODUCT to eliminate the need for helper cells while calculating year-to-date figures for prices.
▪️ Handling Complex Data Sets: Understand how to efficiently manage complex data with overlapping years, ensuring your calculations are accurate and dynamic.
▪️ Deep Dive into OFFSET Function: Master the OFFSET function to create dynamic ranges that automatically adjust based on the month and year.
▪️ Real-World Application: Apply these techniques using real data, like monthly volumes and prices, for practical insights and analysis.
You'll learn how to use Excel formulas dynamically to analyze monthly data over several years.
Here's what you'll learn:
Combining Formulas for Dynamic Results: Discover how to use product and offset formulas together for more efficient data handling.
Year-to-Date Calculations: Learn to calculate year-to-date figures for both volume and price data, a key skill in data analysis.
Dealing with Complex Price Data: Understand the complexities of calculating average prices and how to tackle them effectively.
Avoiding Common Mistakes: Get insights into avoiding errors when dragging formulas across different months and years.
Dynamic Ranges with Offset Formula: Explore how the offset formula can dynamically adjust ranges, enhancing the flexibility of your Excel sheets.
Simplifying with SumProduct: See how the sum product formula can replace helper cells, making your data cleaner and more manageable.
Practical Examples and Demonstrations: The video provides clear, step-by-step examples to ensure you can apply these techniques to your own data.
I'll show you a way of writing YTD formulas (in this specific case for volume and price) when your data set goes over a few years. i.e. each month occurs more than once. If you were doing this manually, you'll need to revise your formula in the middle of your data set to make your range start from January of the next year. OFFSET allows you to create dynamic ranges - when you use this with the Month() and SUM() functions, you've created a smart formula that recognizes when the data goes over to the next year and revises your YTD calculation.
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