Business Data Analysis with Excel | Master Data Analysis on Excel
An overview of data analysis with Excel using histograms, running records, and process behavior charts to analyze business data. Business data presents a challenge for the data analyst. Business data is often aggregated, recorded over time, and tends to exhibit autocorrelation. Additionally, and most problematically, the amount of business data is usually quite limited. These characteristics lead to a situation where many of the tools in the analyst's tool belt (e.g., regression) aren't ideal for the task. Despite these challenges, proper analysis of business data represents a fundamental skill required of Business/Data Analysts, Product/Program Managers, and Data Scientists. At this community talk, we will show how to get started analyzing business data in a robust way using Excel – no programming or statistics required!
We will cover the following during the presentation:
• The types of business data and why business data is a unique analytical challenge.
• Requirements for robust business data analysis.
• Using histograms, running records, and process behavior charts to analyze business data.
• The rules of trend analysis.
• How to properly compare business data across time, organizations, geographies, etc.Where you can learn more about the tools and techniques.
*Excel spreadsheets can be found here:
https://code.datasciencedojo.com/data...
Table of Contents:
0:00 – Intro
8:42 – The challenge
18:22 – Example scenario
20:34 – Histogram
28:53 – Running record
31:04 – Understanding the chart
37:56 – Chart requirements
43:47 – Rules
1:14:50 – Summary
1:17:13 – QnA
This playlist is a comprehensive list of videos that teach how to translate data into actions: • Data Analytics Tutorials
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