Before you analyze data, you must first validate it.
Otherwise, your analysis may not be accurate, and you may miss some important insights or errors.
This post is part of the Excel: Basic Data Analytic series.
Before analyzing your data, you need to check the following:
- Duplicate transactions do not exist.
- Required fields/key fields do not contain blanks, spaces, zeroes, unprintable characters, or other invalid data.
- Date fields contain real dates, and the range of dates is appropriate.
- Amount fields don’t contain inappropriate zero, positive, or negative amounts, and the range of values is appropriate.
- Each field is stored in the correct format. This prevents data from being converted on the fly into something else unexpectantly (e.g., user ID JUL15 becomes 15-Jul).
If you’ve been wondering how to add a computed field to an existing ACL table, you’re at the right place. I’ll take you through it step-by-step.
In ACL tip: What is a Computed Field?, I defined computed fields and provided 2 examples. I suggest you read that post before you dive into this one.
That post also explains expressions and functions, which you need to understand when creating computed fields. Both that post and this one are long ones, complete with graphics. You might want to print them both out first…
In this post, I’ll show you how to add the c_Region field that is described in the computed field post. It’s not as hard as it looks.