Key Takeaway: Introduction to CORREL formula in Excel: The CORREL formula in Excel is a statistical function that calculates the correlation between two sets of data. It helps to identify the relationship between two variables and the strength of their correlation. Importance of using the CORREL formula: The CORREL formula plays a crucial role in…
Key Takeaway: The F4 shortcut is a valuable tool in Excel that helps save time and increase productivity. It allows users to repeat certain actions, such as formatting, quickly and easily. There are several reasons why the Excel F4 shortcut may not be working, including outdated Excel versions and incorrect keyboard settings. It is important…
Key Takeaways: The DURATION function in Excel is a financial formula used to calculate the duration of a bond, which measures the bond’s sensitivity to changes in interest rates. The syntax of the DURATION function includes the settlement date, maturity date, coupon rate, yield, and frequency of coupon payments. By plugging in these variables, users…
Key Takeaway: Setting up data validation on a range in Excel helps in preventing undesired data entry, saving time and increasing efficiency for both data entry and analysis. To enable data validation, navigate to the Data tab, click on “Data Validation”, and follow the instructions in the dialog box. Limiting entries to numeric values in…
Key Takeaway: Excel shortcuts for inserting rows and columns can save you time and energy: There are several built-in shortcuts in Excel that can help you quickly add rows and columns to your worksheet without having to use your mouse or trackpad. Excel insert rows shortcuts include Ctrl + Shift + “+” and Alt +…
Key Takeaway: Merging and centering data in Excel can be done using shortcut keys, such as Alt + H + M. To merge cells horizontally and vertically, select the cells you want to merge, right-click and choose “Merge Cells,” and then select the type of merge you want to perform. You can also merge data…
Key Takeaway: PivotTables in Excel allow users to analyze large amounts of data and summarize it in a simple and organized way. However, overloading a PivotTable with too many rows or columns can lead to cluttered and unusable data. To remove excess rows or columns in a PivotTable, users can use the “Field List” option…
Key Takeaway: Identifying duplicate text values in Excel is important to ensure data accuracy. This can be done using conditional formatting or the Remove Duplicates feature. To delete duplicate text values in Excel, select the range of cells with duplicate values, then choose to either remove them using the Remove Duplicates feature or manually delete…
Key Takeaway: Saving a Workbook Using Passwords in Excel is a great way to protect sensitive information and prevent unauthorized access to your data. By following simple steps like opening the Workbook in Excel, selecting the Info option, clicking on the “Protect Workbook” dropdown menu, choose the “Encrypt with Password” option, entering a password, re-entering…
Key Takeaway: Learn the basic shortcut keys to insert a row in Excel: Ctrl + Shift + “+”, Alt + I, R, Ctrl + Shift + “=”. Knowing these simple shortcuts can save you time and effort in navigating through Excel. Take advantage of advanced shortcut keys to insert a row in Excel: Ctrl +…