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Enhancing Modeling with Data Analysis Techniques

Explore how data analysis supports the modeling process to improve accuracy and draw valuable conclusions. Discover methods such as finding facts in databases, sorting, filtering, and tabulating data efficiently.

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Enhancing Modeling with Data Analysis Techniques

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  1. Lecture 5: Data Analysis for Modeling

  2. Data Analysis in the Context of Modeling • Supports the modeling process • Improves accuracy of model • Improves usefulness of conclusions • Modeling is the primary goal. • Data analysis is a means to that goal.

  3. Topics for Chapter • Finding facts in databases • Editing, • Searching, • Sorting, • Filtering, and • Tabulating

  4. Finding Facts from Databases • Tables of information • Each row is a record in the database. • Each column is a field for the records. • Excel calls such a table a list.

  5. Excel Lists • First row contains names for each field • Each successive row contains one record. • Lists may be: • Searched and edited • Sorted • Filtered • Tabulated

  6. Searching and Editing Lists • First assign a range name to entire list. • Include column titles. • With list selected Form on the Quick Access Toolbar. • Examine records one at a time: • Find Prev. • Find Next. • Enter new record with New button. • Delete record with Delete button.

  7. Database Form

  8. Criteria Button • Selected Form on the Quick Access Toolbar • Allows for searching of records • Enter data into a field. • Click Find Next.

  9. Alternate Excel Search Techniques • Highlight entire database. • Home"Editing►Find&Select►Find. • Use Find and Replace to edit entries. • In Find and Replace • “?” stands for any single symbol • “*” stands for any sequence of symbols

  10. Sorting: Data – Sort Command

  11. Filtering • Choose Home►Editing►Sort&Filter►Filter. • Will filter lists based on values • Found under arrow at the title of each column • Arrow on title turns blue to remind list is filtered • Can remove filter by: • Choose Home►Editing►Sort & Filter►Filter►Clear

  12. More Filtering • Top 10 option returns records with smallest or largest value of a numerical record • Custom option allows filtering with compound criteria • More complicated compound criteria can be achieved by clicking Custom Filter option under Number Filters or Text Filters.

  13. Tabulating • Select Data – Pivot Table. • Creates summary tables • Layout button on third step of wizard creates the format for the table

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