Quick calculations of any range up
to 10,000 values for Average, Moving averages, Mean, Median,
Mode, Range, Frequency, Trend, Variance, Sigma and Six
Sigma.
Business Statistics.xls gives you all the tools and guidance
necessary to calculate these frequently used statistical values
for business data analysis, quality control, system control,
stock and commodity prices & index forecasting, and other
applications.
No need to use Excel functions or tools except for Goal Seek
for Mean and Range.
In real business situations, such as quality control analysis,
tracking order stats, analyzing stock or commodity prices, data
arrays frequently require adjustments so that the figures are
realistic.
With Business Statistics you can eliminate zeros from stats
calculations if you wish and (or) set upper and lower
boundaries as acceptance limits. For example when you want to
analyze the average, range and frequencies of full time
salaries you can choose to eliminate part time salaries below,
say $20,000 p.a. from your salaries list.
Example for QA: A value added kiln drying business analyses
moisture content of their dried lumber every hour. Some of the
values are showing as zeros due to malfunction of the test
equipment, and other results are clearly too low. To obtain
real moisture content stats for valid test results the user
drops all the values into the stats table, selects eliminate
zero values and sets a lower limit of moisture content below
which the stats will ignore. The table gives the user stats
results for QA values which are within the valid range
only.
The Moving average tables provide instant moving average
values for historical data over any two periods.
Example for Moving Averages. If you are tracking the daily
moving averages of closing Gold Prices over any period of X and
Y days, enter the last Excel row number of the series you want
to measure, and the moving average values are displayed. An
advantage of calculating moving averages values with Business
Statistics is you can back track and retrieve the moving
average values from any time period in the series. This not
only provides current moving averages but historical averages
as well.
Chart historical moving averages as shown in the Gold price
demo provided.
Apply Excel's Forecast function in the Add Trendline Chart
dialog to create moving average forecasts.
With the Sigma table you can transfer any number of collected
quality control figures (up to 10,000) into the Sigma table,
eliminate zeros again of you wish and calculate sigma values,
and the number of values that lie within 1 x sigma, 2 x sigma,
3 x sigma, 4.5 x sigma and 6 x sigma range. Six sigma is one of
the top rated management tools for analyzing quality control
data.
You can reformat the stat tables to accept percentages,
currency values or just numbers.
You can look through the Excel formulas used within the stats
tables to create your own stats tables if you wish, or use the
tables provided. The templates come with easy to follow
instructions for the beginner in statistic calculations.
Excel 2000 or above and MS Windows XP/2000/2003 or later.
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