How to Calculate Weighted Average in Excel – Step by Step Guide
How to calculate weighted average in Excel will transform your data analysis by giving you accurate results when dealing with varied data weights. This tutorial teaches you how to calculate weighted average in Excel both manually and using the SUMPRODUCT function for efficiency.
In this video, you’ll start by learning the manual method, where you'll multiply each score by its respective weight, sum the products, and divide by the total weight. This step-by-step approach ensures you fully understand the concept of weighted average in Excel before moving on to the more advanced SUMPRODUCT function.
Next, you'll discover how the SUMPRODUCT function automates this process, making it quicker and less prone to error. By the end of this tutorial, you’ll be confident in applying the weighted average Excel function to any dataset, enhancing your ability to interpret and present your data effectively.
This video also includes a practical weighted average Excel example that you can follow along with, ensuring that you grasp the formula for weighted average Excel and how it can be adapted to various scenarios. Whether you’re new to Excel or looking to refine your skills, this guide will provide you with valuable insights into how to calculate weighted average Excel in the most effective way.
Time stamps:
00:00 - Introduction to Weighted Average Calculation
00:17 - Manual Calculation of Weighted Average
01:20 - Efficient Weighted Average Calculation Using SUMPRODUCT
