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Asked by Jitesh Last Modified
Answer MS Excel is an extremely versatile and flexible tool. You will be able to perform simple tasks like data entry to running simple analysis to sophisticated data modelling. In short, it can do nothing or a lot, depending on the problem you are trying to solve.
Some of the critical things you should master in Excel are:
Data Scrubbing: Getting your dataset “ready” for analysis. This involves (but isn’t limited to) looking for missing info, identifying outliers (these can hurt a lot when computing averages), creating derived fields using TEXT(), MONTH(), YEAR() etc.
Data Analysis: Running moderately complex analysis (using pivot tables, VLOOKUP(), MATCH() & INDEX, SUMPRODUCT(), SUMIF(), COUNTIF() etc. Asking questions of the data and looking for answers.
Presentation: Once the data has been crunched and insights found, presenting the data in a clear, crisp and concise manner is critical. This is where you can demonstrate your prowess as an Excel power user.
VBA: Once you have a good handle on the above, you can look at developing macros/procedures in VBA to extend Excel functionality.
I have tried to capture the thought process behind using Excel and not necessarily be (overly) prescriptive. If you can nail the thought process, you will discover the nuances yourself. Being an Excel savant myself, I can tell you that there is a lot of fun you can have in Excel, problems abound all around you that you can use Excel to analyze.
All the Best!
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