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ANALYSING DATA
• Analysing data is the process to extract
useful information for making effective decisions. • The spreadsheet is one of the best software used for data analysis. • It is used to retrieve, correlate, explore and visualise data to identify patterns, trends and relationships. Consolidating Data • Consolidate is a function used to combine information from multiple sheets of the spreadsheet into one place • to summarize the information. It is used to view and compare variety of data in a single spreadsheet for identifying trends and relationships. Steps to consolidate the data • Open the spreadsheet which has the data to be consolidated. • Step 2. Create a new sheet where the data has to be consolidated. • Step 3. Choose Data > Consolidate option that will open Consolidate dialog • Step 4. Observe that the default function “Sum” is seen in the Function dropdown. You will be able to see the list of functions Steps to consolidate the data • Step 5. Choose the required function from the drop-down list. • Step 6. The sources data range list contains existing named ranges to quickly select from that. But if the source • range is undefined, then click and select the range from the sheet which is to be consolidated. • Step 7. Click on Add to add this range under Steps to consolidate the data • Step 8. Repeat steps 6 and 7 to add more sheets to be consolidated. • Step 9. Remember to check the target range specified under Use ‘Copy results to’. If it is not mentioned, then click on the cell of sheet where the final data has to be produced. • Step 10. Click on Options that will list two checkbox under Consolidate by “Row labels” and “Column labels”and “Link to source data” under Options . The option consolidate by rows and columns are checked to consolidate data as per row labels and column label. Link to source data is checked to make the modification automatically in the consolidated (target) sheet while making any changes in the source data. • Step 11. Finally click on OK button. SUBTOTA LS • The Subtotal tool in Calc creates the group automatically and applies Common functions like sum, average on the grouped data. • One can use any type of summary function for each column as per the requirement of data analysis. • It can group subtotals by using category and sorts them in ascending or descending order so that one need not to use filters. What-if Scenarios • What-if Scenarios What-if scenario is a set of values that can be used within the calculations in the spreadsheet. A name is given to the scenario and several scenarios can be created on the same sheet. • Follow the following steps to create scenario. • Step 1. Select the cells which contains values in the sheet that needs to be changed. To select multiple cells, hold Ctrl key and click on the cell to be selected. • Step 2. Choose Tools>Scenarios will open scenario dialog window as shown in Fig. 4.17. • Step 3. Enter a name for the new scenario and leave the other fields unchanged. • Step 4. Click on OK button. • Step 5. This will create a new scenario which is activated automatically. What-if Analysis Tool • What-if Analysis Tool What-if tool uses Data > Multiple Operations and is a planning tool for what-if questions. • In this, the output is not shown in the same cells, whereas it uses a drop-down list to display the output depending upon the input. • The Multiple Operations tool creates a formula array to display the list of results applying the formula on a list of alternative values used in the formula • This tool uses two arrays of cells, one array contains the input values and the second array uses the formula and display the result. • It is useful to check in the beginning to understand from the output for the efficiency. • Step 1. Enter the data in the cells and then enter a formula to calculate a result from values in other cells. • Step 2. Create an array of input values on the basis of which the output is to be generated using the formula. • Step 3. Select the cell range of input array and output array • Step 4. Click on Data>Multiple Operations will display the multiple operations dialog window as shown in Fig. 4.22. • Step 5. Enter the cell address in the Formulas box from the sheet which contains the formula • Step 6. Now, enter the cell address of the cell which is a variable and is used in the formula in Column input cell box. • Step 7. Click on OK will generate all the possible outputs based on the formula Goal Seek • It general we fill in the values in the cells and then create formula on these values to get the required result. T • o predict the output, we keep on changing all the input values to obtain the desired output. • Let us take a very simple example to perform the backward calculation to find out an input depending upon the specific output • A student has received marks in 4 subjects and has to appear for the 5th subject and plans an aggregate as 70. So, he can use goal seek tool to check how many marks he has to score in the 5th subject to get the required percentage • Goal seek dialog window helps in finding out the input for the specific output. For example, if you want to know the number of units produced to get the desired output then use Goal seek analysis tool. • Step 1. Enter the values in the worksheet. • Step 2. Write the formula in the cell where the calculation has to be used. • Step 3. Place the cursor in the formula cell, choose Tools > Goal Seek. • Step 4. the Formula cell box will have the correct formula. • Step 5. Place the cursor on the Variable cell box and click on the cell that contains the value to be changed. • Step 6. Enter the desired result in the Target value box. • Step 7. Click on OK button. Answer the following questions 1.Define the terms (a) Consolidate function (b) What-if analysis (c) Goal seek 2. Give one point of difference between (a) Subtotal and What-if (b) What-if scenario and What-if tool 3. Give any two advantages of data analysis tools. 4. Name any two tools for data analysis. 5. What are the criteria for consolidating sheets? 6. Which tool is used to create an outline for the selected data?