Wednesday, July 12, 2017

How To Create A Dynamic List In Excel

Think about this: You have a list of products, the list grows with time, and you want your Excel chart of the products versus sales to automatically capture any additional products you add. Or maybe it is a daily sales report, and you want the chart to automatically expand to show the newly added dates.

Well, what you need to create is a dynamic list (proper term is range, but let's go one with the easy fathom "list"). 

It turns this

To this (without you re-making the chart or even touching the chart at all)

And can add life sweetening spice to your Data Validation lists.

Just think of all the magic that would do in some of your reports.

So how do you create these dynamic lists?

Easy. There are two popular ways to create dynamic lists in Excel. One is to use INDEX and COUNTA. The other is to use OFFSET and COUNTA.

Technically, you should choose the INDEX + COUNTA one over OFFSET + COUNTA one as it has better performance. Again, remember the keyword -- technically. Practically, the one you find easier to master is better.


For the chart one, I used the INDEX + COUNTA one. 

For the list field I created a named range:

At the core, it is

What the index part does is to return the cell reference of the last row cell in column A that is populated. 

INDEX(A:A represents a list/array of all the cells in column A while COUNTA(A:A) part instructs Excel to locate the cell in the row position equal to the count of all filled cells in column A.

Now you get how it works.


For the Data Validation List, I used OFFSET + COUNTA

The named range is

Again, at its core the formula is

Easy to understand.

We take A2 as the start or reference point, go zero rows down and zero columns right, then expand the rows (height) downwards by the count of non-empty rows in column A minus one to avoid counting cell A1 (which is used for the field header), then take one column wide (sticking to column A).

The result is


For the chart, I simply replaced the Legend Entries and Axis Label with the dynamic named range.

And that does the magic!
For the Data Validation List, I simply put =months as the source. (months is the named range I created with the OFFSET + COUNTA formula)

And that's all!

Now you should be a dynamic list guru :) 

Wednesday, July 5, 2017

Slides, File and Recording of Webinar On Predictive Analysis Using Microsoft Excel

You can view the YouTube recording of the webinar here. I talked extensively about the different major levels of data analysis -- Descriptive, Exploratory, Predictive and Prescriptive analysis. Then I focused on predictive analysis and the ones possible to carry out in Excel.

Some of you may already know that you can do moving average, simple exponential smoothing and regression in Excel. Well, in the webinar I showed that you can also use Excel for double exponential smoothing, triple exponential smoothing, sentiment analysis (using Azure ML add-in), decision tree (using an add-in) and other predictive analysis methods.

Here is the download link for the practice file and below are the PPT slides (in image format).