Average excluding outliers - 1 Minute Excel Tip

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#ExcelAverage #ExcelFormulas #TRIMMEAN #TrimmeanExcelDemo
We all know how to calculate Average in Excel. But how to exclude outliers (very large or small values) when calculating averages? Simple, use TRIMMEAN Excel function. See this one minute tip to learn.
  1. Chandoo
  2. chandoo
  3. chandoo.org
  4. Excel
  5. spreadsheets
  6. Calculate average excluding outliers
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Комментарии
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Hello all, I did not realize the audio was poor quality during production. I will keep this in mind for next videos. Thanks for letting me know.

chandoo_
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Hi Chandoo.. thanks for this tip on TRIMMEAN.. a function I have not used much in the past, but will get my attention in the future .Thanks for sharing your knowledge. Thumbs up!!

wayneedmondson
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Great little tip this. Not a formula I've used before but well worth knowing.

UpExcel
Автор

There is a missconception. In statistics, an outlier is a data point that differs significantly from other observations. In the formula, you are excluding the tail, in %, but not necessarily they are outliers. In the Microsoft Excel help, defines the formula as "Returns the mean of the interior of a data set. TRIMMEAN calculates the mean taken by excluding a percentage of data points from the top and bottom tails of a data set. You can use this function when you wish to exclude outlying data from your analysis." It is not about outliers.
Nevertheless, thanks for the video.

fjexpo