What is the CONFIDENCE.NORM Function? The CONFIDENCE.NORM Function is categorized underExcel Statistical functions. It will use the normal distribution to calculate and return the confidence interval for a population mean. The confidence interval is the range that a population parameter is likely to fall into for a given probability. In financial analysis, the CONFIDENCE.NORM function…
What is the Excel Confidence Interval Function? The CONFIDENCE Function is categorized under Excel Statistical functions. It will use the normal distribution to calculate and return the confidence interval for a population mean. The confidence interval Excel formula can be extremely useful for financial analysis. As a financial analyst, =CONFIDENCE() is helpful in predicting and…
What is the INDIRECT Function? The INDIRECT Function is categorized under Excel Lookup and Reference functions. It will convert a text string into a cell reference. For example, if we type the reference A1 in a formula, Excel will understand that it refers to cell A1. However, if the cell reference given takes the form…
What is the CHOOSE Function? The CHOOSE Function is categorized under Excel Lookup and Reference functions. It will return a value from an array corresponding to the index number provided. The function will return the nth entry in a given list. As a financial analyst, the CHOOSE function is very useful when creating scenarios in…
What is the INDEX Function? The INDEX Function is categorized under Excel Lookup and Reference functions. The function will return the value at a given position in a range or array. The INDEX function is often used with the MATCH function. We can say it is an alternative way to do VLOOKUP. As a financial…
What is the Cell ADDRESS Function? The cell ADDRESS Function is categorized under Excel Lookup and Reference functions. It will provide a cell reference (its “address”) by taking the row number and column letter. The cell reference will be provided as a string of text. The function can return an address in a relative or…
What is the STANDARDIZE Z-Score Function? The STANDARDIZE Function is available under Excel Statistical functions. It will return a normalized value (z-score) based on the mean and standard deviation. A z-score, or standard score, is used for standardizing scores on the same scale by dividing a score’s deviation by the standard deviation in a data…
What is the SLOPE Function? The SLOPE Function is categorized under Excel Statistical functions. It will return the slope of the linear regression line through the data points in known_y’s and known_x’s. In financial analysis, the SLOPE function can be used to calculate the beta of a stock. Slope / Beta Formula =SLOPE(known_y’s, known_x’s) The…
What is the Maturity RECEIVED Function? The RECEIVED Function is categorized under Excel Financial functions. It will calculate the amount received at maturity for a fully invested security. As a financial analyst, the RECEIVED function helps calculate the amount that we will get from an investment if the duration of the investment and interest rate…
