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Statistics for Data Analysis Using Microsoft Excel

Author

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  • Svetlana Todorova

    (University of Economics - Varna)

Abstract

Today business research is based on the manipulation of large amounts of data from the Internet, company sources, public sources, and others. Business analytics must extract useful information from a big data set and to make a decision. Whether you are analyzing a client's data or company's data to make decisions, your tools have to be able to handle the tasks you perform with that information. The goal of this paper is to illustrate the use of Excel's Analysis ToolPak for developing complex statistical analysis. MS Excel is widespread, user-friendly, easy to learn, and powerful. Therefore, the purpose of this paper is to show how free Analysis ToolPak add-in works and what it can do. In one hand Analysis ToolPak is powerful, but in the other hand it has some weaknesses that we should be aware of.

Suggested Citation

  • Svetlana Todorova, 2019. "Statistics for Data Analysis Using Microsoft Excel," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 8(2), pages 68-74, August.
    • Handle: RePEc:vra:journl:v:8:y:2019:i:2:p:68-74
    DOI: 10.36997/IJUSV-ESS/2019.8.2.68
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    Cited by:

    1. Vasilev Julian & Sulova Snezhana, 2023. "An Approach for the In-Depth Data Analysis of the Marine Traffic of Independent Nearby Ports," Folia Oeconomica Stetinensia, Sciendo, vol. 23(2), pages 402-426, December.

    More about this item

    Keywords

    Statistics; Data Analysis; Excel; Analysis ToolPak;
    All these keywords.

    JEL classification:

    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software

    Statistics

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