Solved

Useful and best Excel tools for analyzing sales data

Posted on 2014-11-24
3
102 Views
Last Modified: 2014-12-04
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
0
Comment
Question by:WeThotUWasAToad
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
3 Comments
 
LVL 18

Accepted Solution

by:
Simon earned 400 total points
ID: 40463220
The short answer: pivot tables.

Select your data and then choose Insert/Pivot Table.

You can then dynamically drag items to row/columns and summarise the data almost any way you want to, including grouping dates/times into Years/Months/Days/Hours/Minutes or custom-groupings that you define.

You can also choose how to summarise numeric data in the detail area  by sum, average etc.
0
 
LVL 50

Assisted Solution

by:Ingeborg Hawighorst (Microsoft MVP / EE MVE)
Ingeborg Hawighorst (Microsoft MVP / EE MVE) earned 100 total points
ID: 40463851
... and when you've hit the limits for Pivot Tables: Power Pivot.
0
 

Author Closing Comment

by:WeThotUWasAToad
ID: 40482238
Thanks.
0

Featured Post

On Demand Webinar: Networking for the Cloud Era

Ready to improve network connectivity? Watch this webinar to learn how SD-WANs and a one-click instant connect tool can boost provisions, deployment, and management of your cloud connection.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

Some code to ensure data integrity when using macros within Excel. Also included code that helps secure your data within an Excel workbook.
This article describes how you can use Custom Document Properties to store settings and other information in your workbook so that they will be available the next time you open the workbook.
The viewer will learn how to use a discrete random variable to simulate the return on an investment over a period of years, create a Monte Carlo simulation using the discrete random variable, and create a graph to represent the possible returns over…
Finds all prime numbers in a range requested and places them in a public primes() array. I've demostrated a template size of 30 (2 * 3 * 5) but larger templates can be built such 210  (2 * 3 * 5 * 7) or 2310  (2 * 3 * 5 * 7 * 11). The larger templa…

623 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question