Relative Addressing - answer✔✔Using just the row/column label in cell references
Example: A2, C5, D10
Absolute Addressing - answer✔✔Using a $ before either the row, column, or both. This makes it
to where it does not change when copied or filed. Use this to keep a row or column constant.
Example: $A$2, $C5, D$10
Using a $ sign before a row label (for example, B$4) keeps the reference... - answer✔✔fixed to
row 4 but allows the column reference to change if the formula is copied to another cell.
Using a $ sign before a column label (for example, $B4) keeps the reference to column B.. -
answer✔✔fixed but allows the row reference to change.
Using a $ sign before both the row and column labels (for example, $B$4) keeps the reference to
cell B4... - answer✔✔fixed no matter where the formula is copied.
How to copy formulas - answer✔✔Copy/Paste button in home tab
Ctrl C/V
Drag bottom right corner of cell (fill handle) across a row or column
Locating a particular function in Excel - answer✔✔Formulas - function library
Net Present Value - answer✔✔measures the worth of a stream of cash flows, taking into account
the time value of money
=NPV(rate, value1, value2,...)
Descriptive Analytics - answer✔✔Use of data to understand past/current business performance
and make informed decisions. Provides insight into the past.
"What has happened?"
Predictive Analytics - answer✔✔predict the future by examining historical data, detecting
patterns or relationships in these data, and then extrapolating these relationships forward in time.
"What could happen?"
Prescriptive analytics - answer✔✔identify the best alternatives to minimize or maximize some
objective.
"What should we do?"
Data - answer✔✔numbers or textual data that are collected through some type of measurement
process
Information - answer✔✔result of analyzing data; that is, extracting meaning from data to support
evaluation and decision making
Reliability - answer✔✔data are accurate and consistent.
Validity - answer✔✔data correctly measures what it is supposed to measure.
Model - answer✔✔an abstraction or representation of a real system, idea, or object. Captures the
most important features. Can be a written or verbal description, a visual representation, a
mathematical formula, or a spreadsheet.
EXAM STUDY MATERIALS July 26, 2024 9:30 AM
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