Radar charts, also known as spider charts, web charts or star charts, are used to evaluate multiple alternatives based on multiple criteria. You need to use a radar chart when you have to display multivariate data in the form of a chart that has three or more axis.

For example, you can use a radar chart to analyze the strengths and weaknesses of a number of supply chain strategies or to compare multiple projects graphically. Given below is a simple radar chart with 5 axes on a scale of 0 to 10.

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If you have written any competitive exams, you might be familiar with the term percentile. Most of today’s competitive entrance exams publish the results of the applicants based on percentiles. You might be familiar with the term percent. But, it is not the same as percentile.

Do not confuse these terms. As we all know, percentage is a number defined as a fraction of 100. So, if a person says that he scored 60% marks in his GMAT exam, then it means that if total score is 100, he scored 60 marks.

Obviously, if the total score is 50, the person has got 30 marks in the exam.

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Excel is equipped with a variety of built-in functions that make calculations simple and efficient. While common functions like AVERAGE, SUM, and SQRT are frequently used, finding the nth root of a number requires a bit of mathematical manipulation since Excel doesn’t have a direct nth root function. Here’s how you can calculate the nth root, including the square root, cube root, and other roots.

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What-if analysis is a powerful Excel tool used to analyze the effect of changing variables on outcomes. It is essentially the reverse of standard formulas. While formulas take known inputs to calculate an output, what-if analysis allows you to find the necessary input to achieve a particular result.

You can use what-if analysis for many applications, such as planning your budget, finding investment returns, or estimating monthly savings needed to meet retirement goals. One of the most popular what-if analysis tools in Excel is Goal Seek.

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The Ishikawa diagram, popularly known as the fishbone diagram or the cause and effect diagram, is mainly used in quality management. It is used to analyze inefficiencies of processes. Thanks to the fishbone diagram, we have the opportunity to analyze the problem that is visible in the process.

The Ishikawa Diagram is a tool that will detailly identify the root causes of this problem. In other words, an ishikawa diagram can help identify defects in processes by analyzing the root causes of the problem.

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Trigonometry is a branch of mathematics that studies the relationships between the elements (sides and angles) of a triangle.

You may recall many trigonometric formulas and equations from your school or college days. Some of them are cot x = 1/tanx , six x/cos x = tan x, sin(900-x) – cos x and so on.

Excel offers a number of built-in functions that deal with trigonometry. You can use these trig functions to solve complex trigonometric expressions.

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Performing calculations on complex numbers in Excel is not difficult because Excel has a set of functions that allow many different calculations of complex numbers.

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Tornado diagrams, or tornado charts, are modified versions of bar charts and are also one of the classic tools of sensitivity analysis used by decision makers to get a quick overview of the risks involved. In other words, a tornado diagram or chart shows a financial analysis for a project.

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Regression analysis is a powerful statistical tool used to analyze and model the relationships between variables. It allows us to understand how changes in independent variables affect the value of a dependent variable.

We will explore how to perform regression analysis in Microsoft Excel, specifically focusing on linear and multiple regression models.

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A petal chart, also known as a star chart, is a type of radar chart that plots the values of each category along a separate axis that starts in the center of the chart and ends at the outer ring. Petal charts are useful for comparing multiple values across multiple categories.

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