Microsoft Office Excel 2007: Data Analysis and Business Modeling


Master the analysis and business modeling techniques that help you transform your data into bottom-line results. Award-winning business professor and corporate consultant Wayne Winston shares the best of his real-world experience in this practical guide—now updated for Excel 2007. Use Wayne’s proven practices and hands-on exercises to help you work smarter, make better ...

See more details below
Paperback (Second Edition)
$37.72 price
(Save 5%)$39.99 List Price
Other sellers (Paperback)
  • All (29) from $1.99   
  • New (2) from $4.40   
  • Used (27) from $1.99   
Sending request ...


Master the analysis and business modeling techniques that help you transform your data into bottom-line results. Award-winning business professor and corporate consultant Wayne Winston shares the best of his real-world experience in this practical guide—now updated for Excel 2007. Use Wayne’s proven practices and hands-on exercises to help you work smarter, make better decisions, and gain the competitive edge.

Solve real-world business problems with Excel 2007!

  • Maximize profits—determine NPV, optimize your product mix, calculate ROI
  • Create best, worst, and most-likely case scenarios for sales
  • Analyze investment performance and help minimize risk
  • Track your personal finances, calculate loan terms, and plan for retirement
  • Use trend and seasonality to forecast revenue
  • Estimate a product’s demand curve and manage inventory with precision Interpret the effects of price and advertising on sales
  • Assign a dollar value to customer loyalty
  • Solve work scheduling problems and shorten wait times for customer service queues
  • PLUS—predict outcomes of sporting events, presidential elections, and more!

CD Includes:

  • Sample files from each chapter
  • Problem-and-solution sets—build your expertise!
  • Fully searchable eBook

A Note Regarding the CD or DVD

The print version of this book ships with a CD or DVD. For those customers purchasing one of the digital formats in which this book is available, we are pleased to offer the CD/DVD content as a free download via OReilly Medias Digital Distribution services. To download this content, please visit OReillys web site, search for the title of this book to find its catalog page, and click on the link below the cover image (Examples, Companion Content, or Practice Files). Note that while we provide as much of the media content as we are able via free download, we are sometimes limited by licensing restrictions. Please direct any questions or concerns to

Read More Show Less

Product Details

  • ISBN-13: 9780735623965
  • Publisher: Microsoft Press
  • Publication date: 5/16/2007
  • Edition description: Second Edition
  • Edition number: 2
  • Pages: 624
  • Product dimensions: 7.38 (w) x 9.00 (h) x 1.44 (d)

Meet the Author

Wayne L. Winston is a professor of Decision Sciences at Indiana University's Kelley School of Business and has earned numerous MBA teaching awards. For 20+ years, he has taught clients at Fortune 500 companies how to use Excel to make smarter business decisions. Wayne and his business partner Jeff Sagarin developed the player-statistics tracking and rating system used by the Dallas Mavericks professional basketball team. He is also a two time Jeopardy! champion.

Read More Show Less

Table of Contents


Introduction to Excel 2007: What’s New?

Chapter 1: Range Names

Chapter 2: Lookup Functions

Chapter 3: The INDEX Function

Chapter 4: The MATCH Function

Chapter 5: Text Functions

Chapter 6: Dates and Date Functions

Chapter 7: Evaluating Investments by Using Net Present Value Criteria

Chapter 8: Internal Rate of Return

Chapter 9: More Excel Financial Functions

Chapter 10: Circular References

Chapter 11: IF Statements

Chapter 12: Time and Time Functions

Chapter 13: The Paste Special Command

Chapter 14: The Auditing Tool

Chapter 15: Sensitivity Analysis with Data Tables

Chapter 16: The Goal Seek Command

Chapter 17: Using the Scenario Manager for Sensitivity Analysis


Chapter 19: The SUMIF, AVERAGEIF, SUMIFS, and AVERAGEIFS Functions

Chapter 20: The OFFSET Function

Chapter 21: The INDIRECT Function

Chapter 22: Conditional Formatting

Chapter 23: Sorting in Excel

Chapter 24: Tables

Chapter 25: Spin Buttons, Scroll Bars, Option Buttons, Check Boxes, Combo Boxes, and Group List Boxes

Chapter 26: An Introduction to Optimization with Excel Solver

Chapter 27: Using Solver to Determine the Optimal Product Mix

Chapter 28: Using Solver to Schedule Your Workforce

Chapter 29: Using Solver to Solve Transportation or Distribution Problems

Chapter 30: Using Solver for Capital Budgeting

Chapter 31: Using Solver for Financial Planning

Chapter 32: Using Solver to Rate Sports Teams

Chapter 33: Importing Data from a Text File or Document

Chapter 34: Importing Data from the Internet

Chapter 35: Validating Data

Chapter 36: Summarizing Data by Using Histograms

Chapter 37: Summarizing Data by Using Descriptive Statistics

Chapter 38: Using PivotTables to Describe Data

Chapter 39: Summarizing Data with Database Statistical Functions

Chapter 40: Filtering Data and Removing Duplicates

Chapter 41: Consolidating Data

Chapter 42: Creating Subtotals

Chapter 43: Estimating Straight Line Relationships

Chapter 44: Modeling Exponential Growth

Chapter 45: The Power Curve

Chapter 46: Using Correlations to Summarize Relationships

Chapter 47: Introduction to Multiple Regression

Chapter 48: Incorporating Qualitative Factors into Multiple Regression

Chapter 49: Modeling Nonlinearities and Interactions

Chapter 50: Analysis of Variance: One-Way ANOVA

Chapter 51: Randomized Blocks and Two-Way ANOVA

Chapter 52: Using Moving Averages to Understand Time Series

Chapter 53: Winter’s Method

Chapter 54: Forecasting in the Presence of Special Events

Chapter 55: An Introduction to Random Variables

Chapter 56: The Binomial, Hypergeometric, and Negative Binomial Random Variables

Chapter 57: The Poisson and Exponential Random Variable

Chapter 58: The Normal Random Variable

Chapter 59: Weibull and Beta Distributions: Modeling Machine Life and Duration of a Project

Chapter 60: Introduction to Monte Carlo Simulation

Chapter 61: Calculating an Optimal Bid

Chapter 62: Simulating Stock Prices and Asset Allocation Modeling

Chapter 63: Fun and Games: Simulating Gambling and Sporting Event Probabilities

Chapter 64: Using Resampling to Analyze Data

Chapter 65: Pricing Stock Options

Chapter 66: Determining Customer Value

Chapter 67: The Economic Order Quantity Inventory Model

Chapter 68: Inventory Modeling with Uncertain Demand

Chapter 69: Queuing Theory: The Mathematics of Waiting in Line

Chapter 70: Estimating a Demand Curve

Chapter 71: Pricing Products by Using Tie-Ins

Chapter 72: Pricing Products by Using Subjectively Determined Demand

Chapter 73: Nonlinear Pricing

Chapter 74: Array Formulas and Functions

About the Author

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)