Microsoft Excel is the industry standard spreadsheet program used for data calculations, analysis, visualization, and much more. It can be programmed to access external databases and is an excellent tool for data modeling, statistics, and financial calculations. With Excel, you can use built-in functions to quickly and easily perform common tasks. Proficiency in Excel is usually required for accounting, business analytics, data analysis, and statistics jobs.
In Microsoft Excel, a formula is an expression that operates on values in a range of cells. These formulas return a result, even when it is an error. Excel formulas enable you to perform calculations such as addition, subtraction, multiplication, and division. In addition to these, you can find out averages and calculate percentages in excel for a range of cells, manipulate date and time values, and do a lot more.
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There is another term that is very familiar to Excel formulas, and that is "function". The two words, "formulas" and "functions" are sometimes interchangeable. They are closely related, but yet different. A formula begins with an equal sign. Meanwhile, functions are used to perform complex calculations that cannot be done manually. Functions in excel have names that reflect their intended use.
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