troubleshooting Question

Useful and best Excel tools for analyzing sales data

Avatar of WeThotUWasAToad
WeThotUWasAToad asked on
Microsoft Excel
3 Comments2 Solutions135 ViewsLast Modified:
Hello,

This is a general question about how to most simply & efficiently use Excel tools to analyze sales data contained in a spreadsheet. My goal is to obtain some general guidelines which I can then begin to learn and apply. And I'm sure that process will spawn additional, more specific EE threads.

For example, suppose you've got a spreadsheet containing sales transactions (numbering in the thousands) in which each row represents a single transaction and column headings are as follows:

Trans #
Trans ID
Amount (USD)
Date
Time
Invoice #
First Name
Last Name
Address
City
State
ZIP
Country
Phone
Email
Custom1 (Yes/No)
Custom2
Custom3
Custom4

From that data, suppose you want to create a summary chart(s) showing information such as the following:

• Number of transactions per month.

• Number of customers making purchases per month.

• Number of new vs. established customers making purchases per month.
      a) where "established" is defined as existing in a separate spreadsheet
      b) where "established" is defined as existing earlier in the same spreadsheet

• Characteristics of dollar amount per sale (eg average dollar amt per sale, etc)
      a) including chart showing distribution curve

• Purchase patterns vs. time of day.

• Any of the above broken down by, for example, Custom1 Yes vs. No

What would be the best way to approach this?

Thanks
ASKER CERTIFIED SOLUTION
Simon
Principal Analyst

Our community of experts have been thoroughly vetted for their expertise and industry experience.

Join our community to see this answer!
Unlock 2 Answers and 3 Comments.
Start Free Trial
Learn from the best

Network and collaborate with thousands of CTOs, CISOs, and IT Pros rooting for you and your success.

Andrew Hancock - VMware vExpert
See if this solution works for you by signing up for a 7 day free trial.
Unlock 2 Answers and 3 Comments.
Try for 7 days

”The time we save is the biggest benefit of E-E to our team. What could take multiple guys 2 hours or more each to find is accessed in around 15 minutes on Experts Exchange.

-Mike Kapnisakis, Warner Bros