Best Excel Tutorial

The largest Excel knowledge base ✅ The best place to learn Excel online ❤️

Howto Illustrate of the Central Limit Theorem in Excel

The Central Limit Theorem (CLT) stands as a cornerstone in the world of statistics, asserting that the distribution of sample means approximates a normal distribution, regardless of the population’s original distribution. This holds true as long as the sample size is sufficiently large and the population has a finite level of variance. Through the versatility of Excel, we can visually and practically understand this profound concept.

Read More

How to perform a Tukey test in Excel

Performing a Tukey test in Excel can be done using the built-in Data Analysis ToolPak add-in, which provides a range of statistical analysis tools. The Tukey test, also known as the Tukey-Kramer test or Tukey’s Honestly Significant Difference (HSD) test, is commonly used for post hoc analysis following an analysis of variance (ANOVA) when you have three or more groups to compare. It helps identify which group(s) differ significantly from others. Here’s how you can perform a Tukey test in Excel:

Read More

How to do colebrook equation in Excel

The Colebrook equation is used to calculate the Darcy friction factor for fluid flow in a pipe. The Darcy friction factor is a dimensionless quantity that measures the resistance to flow caused by the pipe wall roughness and the fluid viscosity. It’s an important parameter for designing and analyzing pipe systems, such as water supply, oil and gas transportation, or HVAC.

The Colebrook equation is a complex equation that involves iterative calculations because it’s implicit in terms of the friction factor. That means you can’t solve for the friction factor directly, but you have to use a trial-and-error method until you find a value that satisfies the equation. While you can use Excel to perform these calculations, it may require some effort to set up.

Here’s how you might implement the Colebrook equation in Excel:

Read More

Exponentially Weighted Moving Average (EWMA) in Excel

EWMA is a powerful statistical method for analyzing and smoothing time series data in Excel. It assigns exponentially decreasing weights to past observations, making it ideal for trend analysis and pattern identification.

By giving more weight to recent data while considering historical data, EWMA helps capture evolving trends effectively, and its formula is straightforward, making it easy to apply in Excel.

Read More