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Contents  Bulletin  Scripting in shell and Perl  Network troubleshooting  History  Humor 
News  Office  Recommended Books  Recommended Links  Recommended Articles  Reviews 
Selected Excel Functions  VBA  Userdefined functions (UDF)  Excel Object model  VBA Books  
Retirement modeling  Excel formulas  Simple 401K portfolio modeling  Tips  Humor  Etc 

Excel is not only commodity spreadsheet it is also a powerful development platform. You can develop VBA custom applications where the user can't see the underlying application (Excel).

Excel can help to solve problems quicker then with a standalone procedural language or an expensive application such as Matlab or Mathematica. Since Excel has such advanced computational capabilities and is ubiquitous in offices and homes, it would make sense to learn the capabilities of this application.
While this product is marketed by Microsoft as useroriented, but in reality it has "professional" capabilities. and is suitable for solving wide range of numerical problem and can perform pretty complex financial simulations including simple statistical analysis tasks such as correlating data.
You can also perform curve fitting and regression, solve equations, perform integration and differentiation, and solve both ordinary and partial differential equations. Some linear programming optimization tasks also can be done with Excel.
There are tremendous amount of high quality books written about Excel including a dozen of books from O'Reilly who now wants to get a peace of this lucrative market. But there are also tremendous amount of low quality books and some of them are rated pretty highly on Amazon (lemmings effect ;)
Spreadsheet applications were the killer application that drove the personal computer market. In the early PC days, Lotus 123 (long with WordPerfect) dominated the productivity software business.
It's probably a safe bet that there's more data stored in Excel spreadsheets than in all the world's databases.
Excel's Data menu offers basic database features, such as sorting, filtering, validation, and dataentry forms. You can quickly import and export data in a variety of formats, including those of database management applications, such as Access. The need for macroprogramming in VBA become apparent as soon as you need for entering, manipulating, and reporting data grow beyond the spreadsheet's basic rowcolumn metaphor.
In cases Excel power is not enough moving to a relational database management system (RDBMS), such as Access might be appropriate. The latter makes creating pretty complex databases with multiple linked tables quick and easy. It also contains Query by Example wizard (called called Query Design view). Access 2003 and 2007 has a collection of wizards to lead you stepbystep through each process involved in developing and using a productiongrade database application.
The first step is Excel macro programming is creation of userdefined functions (UDF). Excel makes the creations of UDF really easy and such functions can be a valuable addition to set of standard functions. See
Here is the code to create our userdefined Commission() function:
Function Commission(Fee)
If Fee <= 1000 Then Commission = Fee * 0.1 Else Commission = Fee * 0.05
End Function
You can store UDF in several places which affect you ability to share them:
Personal.xlsb— Store the UDF in Personal.xlsb if it is just for your use and won’t be used in a workbook opened on another computer.
Workbook— Store the UDF in the workbook in which it is being used if it needs to be distributed to many people.
Addin— Distribute the UDF via an addin if the workbook is to be shared among a select group of people.
Template— Store the UDF in a template if it needs to be used to create several workbooks and the workbooks are distributed to many people.
There are a lot of useful but little known Tips for exacel usage. See Excel Tips. Here is one:
Ctrl+` in Excel switches between Normal view and Formula view.
See also Automation and programmability  Excel  Microsoft Office It contain several very useful excepts form books and article written by Microsoft staffers. Among them
John Matlock: NonTraditional Uses of Excell, May 24, 2005This book is aimed at a level slightly higher than the total beginner. On page one, for instance he assumes that you understand the statement SUM(A5000:A5049) means. Then he points out that writing SUM(USSales) would make it easier to understand. He then describes how to name a range of cells  Not exactly what I'd call advanced, but certainly above novice.The first third, or so, of the book is on these kinds of slightly advanced procedures that you could get out of several Excell books. After that he kind of turns the approach around to things like "Estimating a Demand Curve." This is looking for what you want to do rather than just looking at a technique within Excell.
Many of his chapters have fairly sophisticated subjects, "Incorporating Qualitative Factors into Multiple Regression." In this chapter he then looks at multiple factors that might go into predicting things like predicting sales, predicting the Presidential race  with fairly surprising results.
In a couple of chapters he has a bit of fun, i.e. Chapter 73 is "Picking Your Fantasy Football Team."
Excell is quite a powerful package. It can be used for a lot of things beyond just filling out an expense account. In this book a lot of non traditional uses are described in a very light but informative manner. It is a very well done book.
Learn to turn Excel into something that rivals Mathematica using VBA, brains, and a heaping helping of fortitude.(Jack Herrington's review.)
Very weak and expensive cookbook, November 4, 2006
This is an eclectic collection of various recipies for Excel. This is a strange "lemmings" effect that the book has such a high rating on Amazon.
Reviewer: Nikolai N Bezroukov The book is essentially a badly written cookbook as it does not provide underling mechanics and key ideas behind the Excel formulas. Chapters are more or less disconnected and most of them can be read in any order.
At the end the reader is left with very new good findings that probably are not worth the price of the book.
Pagecount is very deceptive  considerable part of the book is fluff  brainless reproduction of basic things that one can find in help and that is not worth even one dollar. Many examples are very trivial and not worth reading.
Tricks like Appendix B are simply disgusting  the author just copied the listing of functions that has no practical value whatsoever to inflate the pagecount.
Explanations mostly are extremely fuzzy. The author has real talent to make simple things complex and complex things impossible. Also this is just "do like I said" type of cookbook: the author never tries to explain concepts that are used (use of absolute adressing vs relative, the syntax intricacies of the second argument of countif and similar functions, etc)
Also the book suffers from frequent references to previous versions of Excel, which only distract the reader. One can assume that if the reader really wants to use one of the previous versions of Excel he can buy prev. edition of the book and save money.
In few places were things became more interesting they are also incomplete and/or incorrect (creation of your own VBA functions and collection of functions, usage of array functions like frequency, etc).
My impression is the author is just a book writer and does not have rich real world experience with Excel, the experience that is necessary to distinguish between important and trivial things.
As a result he cannot provide the reader any help in getting the grasp of underling architectural ideas, that are often very nontrivial (Excel is extremely powerful analytical tool disguised as a commodity spreadsheet).
 
Softpanorama Switchboard 

Microsoft Excel 2007
 Click the Microsoft Office Button, and then click Excel Options.
 Click Advanced, and then clear the Ignore other applications that use Dynamic Data Exchange (DDE) check box in the General area.
 Click OK.
Posted on May 1, 2013 by James Kwak  13 CommentsBy James Kwak
A friend brought to my attention another example of how Excel may actually be a precursor of Skynet, after the London Whale trade and the ReinhartRogoff controversy. This comes to us in a research note from several years ago by several bioinformatics researchers titled “Mistaken Identifiers: Gene name errors can be introduced inadvertently when using Excel in bioinformatics.” The problem is that various genes have names like “DEC1″ or identifiers like “2310009E13.” When you important those text strings into Excel, by default, the former is converted into a date and the later is converted into scientific notation (2.310009 x 10^13). Since dates in Excel are really numbers behind the scenes (beginning with January 1, 1900), those text identifiers have been irretrievably converted into numbers.
This problem is related to what makes Excel so popular: it’s powerful, intuitive, and easy to use. In this case, it is guessing at what you really mean when you give it data in a certain format, and most of the time it’s right—which saves you the trouble of manually parsing text strings and converting them into dates (which you can do using various Excel functions, if you know how). But the price of that convenience is that it also makes it very easy to make mistakes, if you don’t know what you’re doing or you’re not extremely careful.
There are workarounds to this problem, but as of 2004, it had infected several public databases. As the authors write, “There is no way to know how many times and in how many laboratories the default date and floating point conversions to nongene names have adversely affected an experiment or caused genes to ‘disappear’ from view.”
By James Kwak
I spent the past two days at a financial regulation conference in Washington (where I saw more BlackBerries than I have seen in years—can’t lawyers and lobbyists afford decent phones?). In his remarks on the final panel, Frank Partnoy mentioned something I missed when it came out a few weeks ago: the role of Microsoft Excel in the “London Whale” trading debacle.
The issue is described in the appendix to JPMorgan’s internal investigative task force’s report. To summarize: JPMorgan’s Chief Investment Office needed a new valueatrisk (VaR) model for the synthetic credit portfolio (the one that blew up) and assigned a quantitative whiz (“a Londonbased quantitative expert, mathematician and model developer” who previously worked at a company that built analytical models) to create it. The new model “operated through a series of Excel spreadsheets, which had to be completed manually, by a process of copying and pasting data from one spreadsheet to another.” The internal Model Review Group identified this problem as well as a few others, but approved the model, while saying that it should be automated and another significant flaw should be fixed.** After the London Whale trade blew up, the Model Review Group discovered that the model had not been automated and found several other errors. Most spectacularly,
“After subtracting the old rate from the new rate, the spreadsheet divided by their sum instead of their average, as the modeler had intended. This error likely had the effect of muting volatility by a factor of two and of lowering the VaR . . .”
I write periodically about the perils of bad software in the business world in general and the financial industry in particular, by which I usually mean backend enterprise software that is poorly designed, insufficiently tested, and dangerously errorprone. But this is something different.
Microsoft Excel is one of the greatest, most powerful, most important software applications of all time.** Many in the industry will no doubt object. But it provides enormous capacity to do quantitative analysis, letting you do anything from statistical analyses of databases with hundreds of thousands of records to complex estimation tools with userfriendly front ends. And unlike traditional statistical programs, it provides an intuitive interface that lets you see what happens to the data as you manipulate them.
As a consequence, Excel is everywhere you look in the business world—especially in areas where people are adding up numbers a lot, like marketing, business development, sales, and, yes, finance. For all the talk about endtoend financial suites like SAP, Oracle, and Peoplesoft, at the end of the day people do financial analysis by extracting data from those backend systems and shoving it around in Excel spreadsheets. I have seen internal accountants calculate revenue from deals in Excel. I have a probably untestable hypothesis that, were you to come up with some measure of units of software output, Excel would be the mostused program in the business world.
But while Excel the program is reasonably robust, the spreadsheets that people create with Excel are incredibly fragile. There is no way to trace where your data come from, there’s no audit trail (so you can overtype numbers and not know it), and there’s no easy way to test spreadsheets, for starters. The biggest problem is that anyone can create Excel spreadsheets—badly. Because it’s so easy to use, the creation of even important spreadsheets is not restricted to people who understand programming and do it in a methodical, welldocumented way.***
This is why the JPMorgan VaR model is the rule, not the exception: manual data entry, manual copyandpaste, and formula errors. This is another important reason why you should pause whenever you hear that banks’ quantitative experts are smarter than Einstein, or that sophisticated risk management technology can protect banks from blowing up. At the end of the day, it’s all software. While all software breaks occasionally, Excel spreadsheets break all the time. But they don’t tell you when they break: they just give you the wrong number.
There’s another factor at work here. What if the error had gone the wrong way, and the model had incorrectly doubled its estimate of volatility? Then VaR would have been higher, the CIO wouldn’t have been allowed to place such large bets, and the quants would have inspected the model to see what was going on. That kind of error would have been caught. Errors that lower VaR, allowing traders to increase their bets, are the ones that slip through the cracks. That onesided incentive structure means that we should expect VaR to be systematically underestimated—but since we don’t know the frequency or the size of the errors, we have no idea of how much.
Is this any way to run a bank—let alone a global financial system?
* The flaw was that illiquid tranches were given the same price from day to day rather than being priced based on similar, more liquid tranches, which lowered estimates of volatility (since prices were remaining the same artificially).
** But, like many other Microsoft products, it was not particularly innovative: it was a ripoff of Lotus 123, which was a major improvement on VisiCalc.
*** PowerPoint has an oftnoted, parallel problem: It’s so easy to use that people with no sense of narrative, visual design, or proportion are out there creating presentations and inflicting them on all of us.
Update 2/10: There is an interesting followon discussion that includes a lot of highlyinformed technical people, including some who work in finance, over at Hacker News.
This entry was posted in Commentary and tagged JPMorgan, software, technology. Bookmark the permalink.
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I think there is a more fundamental problem, the model distorts the nature of the reality. Back in the late 80s i spent a summer in one of NY’s largest real estate firms. At the time spreadsheets were relatively new. My boss observed that the spreadsheet made people think that real estate was a bond and not rewal estate.
In my opinion, if a ‘model devoloper’ has left to his users the possibility to copy and paste or something like that, he did a bad job. With my work, I use Excel spreadsheets every day but when I start to develop a project, I have in my mind a system with an engine (the spreadsheet with formulas and macros) and with an user interface, with icons that prevent at users to do anything not provided. So, the core of the spreadsheet can work without modications, and results can be more reliable.
Blackberries are preferred because of the enhanced security of RIM’s proprietary enterprise email capabilities. It’s how you know who’s dealing with potentially “sensitive” information in DC. That, and legacy systems are slow to upgrade.
Do you suppose they use Excel because they don’t know how to do statistical analysis in a database program?
Points out the fact that spreadsheet models should be reviewed and checked by other experts BEFORE they go into production systems.
I am a professional software engineer, and what I design and build works because I know what I’m doing. I have no sympathy for any of this. Programming IS an extreme sport. Leave it to the professionals, and do NOT attempt it yourself at home.
” Errors that lower VaR, allowing traders to increase their bets, are the ones that slip through the cracks. That onesided incentive structure means that we should expect VaR to be systematically underestimated . . ..”
This. A thousand times, this.
They’d probably use Ouija boards if they justified highrisk/highreward strategies. ;)
After all, what happened to ratings agencies that dared to call crap “crap?”
As a software enginner what you describe is all too common. Excel is very powerful because it is relatively easy to use, but its ease of use means anybody can write a program using the tool which can be very difficult to understand or test.
What amazes me that the model was not tested more thoroughly considering the risks if there were systematic errors in the calculations.
cubicamente – I agree, I follow the same logic. The users are dumb so prevent them from doing anything other than what you build the tool to do. However, to James’ point, anyone can create a spreadsheet, and their is no formal user acceptance testing, unit testing, stress testing, etc that occurs with the normal SDLC. I have been stating for many years at my current employer that we should not be running our business on an Excel spreadsheet, even when we run SAP. There is far to much downside risk and limited upside from the productivity. Additionally, I think it makes people dumber and less likely to critically think through situations.
The mistake made in the London Whale case could have been easily caught using the Formulas/Trace Prededents and Trace Dependents tools.This tool is invaluable in debugging complex spreadsheets.
Can’t edit Prededents to Precedents, Sorry
I guess this is where python and its libraries come in. You can build reliable models using code. Maybe its time the curriculum of mba/accounting/finance programs are also curated to add courses in python and financial modelling instead of just the fin engineers and quants doing the modelling.
“The biggest problem is that anyone can create Excel spreadsheets—badly. Because it’s so easy to use, the creation of even important spreadsheets is not restricted to people who understand programming and do it in a methodical, welldocumented way.” Unfortunately this is not only true for Excel and Powerpoint but for other parts of common office suites as well. One of my pet peeves is text documents where empty paragraphs are used to set paragraphs visually apart. Another one is the abundance of ad hoc formatting which increases size of documents and makes them look odd.
I just like the old copy and paste format.
http://sports.yahoo.com/blogs/mlbbigleaguestew/photosmarlinsfansturnwinterwarmevent220646017–mlb.html
There is a rich literature (accessible through Google Scholar) on the deficiencies of Excel for ststistical calculation and the unwiilingness or inability of Microsoft to fix them. Much better is the open source (and free) Excel clone, Gnumeric.
Well, I think it’s safe to say I’ve been one of the more loyal and LONGTIME readers of this site. I joined in on the dialogue here after Simon’s first appearance on Bill Moyers. I wanna say that was 2008, but if it wasn’t 2008 it was 2009. I gladly purchased both books, and I enjoyed them immensely and learned a lot from them (I learned more from “13 Bankers” than from “Burning” but I walked away with better understand and knowledge base from both).
But I think this will probably be my last post here. The “sweet spot” from Mike Konczal’s old site (Rortybomb) really left after he went to the Roosevelt Institute. Konczal’s writing drastically changed after that. And I’m afraid that time has come to this site as well. Too much time intervals between posts, too many tease links to other sites where after years of loyalty to the two hosts we get the crumbs from the paid sites tossed at us for increased link hits.
And frankly, too many phrases like this one I don’t remember seeing in this site’s early days:
“where I saw more BlackBerries than I have seen in years—can’t lawyers and lobbyists afford decent
phones?”
I suppose people would say I am being “hypersensitive” to be upset at such a small passing remark.
But class snobbery, and judging people on socioeconomic issues was kind of what I had thought
this site was supposed to be fighting against, not encouraging. I don’t think James Kwak
would have written that in the first 6 months—1yr+ of when this site was at its best. So to me,
it’s like picking up a glass of what you thought was your favorite brand of soda pop, but when you
ran it on your tongue you found they had substituted the sugar with high fructose corn syrup, and
it just wasn’t the same.
When I think of Konczal repeating liberal talking points VERBATIM (not because they are the best, but as if he phoned the ACLU and Berkley Liberal Arts Dept. before every post to see if it was kosher) and James Kwak saying things like “where I saw more BlackBerries than I have seen in years—can’t lawyers and lobbyists afford decent phones?” I think I am tasting the Dr. Pepper with high fructose corn syrup and not the Dr Pepper with sugar (“Rortybomb” and James Kwak circa 2009—20??) that I liked so much.
Warm Regards,
Resentful and Bitter Zeitgeist crouching under the keyboard.
Dear Moses 
I’ve never commented on this blog before, but I always read what others have to say. I hope you
reconsider you decision to not continue making your ideas known on this blog. I, for one, look forward
to what you have to say.
Let me add to Moses Herzog’s critique: Your topic today, whether you know it or not, is a bookkeeping problem/solution pattern. I discovered, 35 years ago, when I bought my first microprocessordriven computer, that it is impossible to create a proper doubleentry bookofaccounts using any spreadsheet, no matter how it is designed.
There are four fundamenta variables in a proper bookofaccounts: debtorvalue, creditorrights, cash, and capital. Pacioli calls the bookkeepers attention to these four variables in 1494 A.D. The four are isomorphically related to one another within the contract that the bookkeeping sets out to resolve; read as “sets out to balance.”
Until these bookkeeping fundamentals are understood by the software community, and the accounting software designers know how to create the fourway isomorphic balance by using a serious programming language, the banks will continue to steal from the monetary system.
Right now, James, your above essay has no right to take up the bandwidth that you are wasting by your not knowing where first base is located in the playingfield of softwaredriven accounting.
The FT Alphaville team have a very good overview of this — http://ftalphaville.ft.com/2013/01/17/1342082/atempestinaspreadsheet/
“PowerPoint has an oftnoted, parallel problem”
Actually, the real problem with PP is that it, at root, has no actual value at all. Anything that can be communicated with PP can be communicated better with some other media: verbally, paper, PDF, whatever. Heck, most presentations and meetings are really unnecessary.
I don’t use Excel except when I am required to. There’s several reasons for this. First off, it’s ability to do complex mathematics is incredibly poor. If you’re not dealing with something that was linear in the first place Excel is not the best program for it. If you’ve got phenomena operating in opposing directions it’s not terrible if you can linearize them and run in very small steps. But if you’ve got coupled equations that aren’t necessarily positively or negatively reinforcing, Excel should be last on the list.
Second problem is documentation. Excel spreadsheets are notorious for being poorly documented. Shoot, it’s difficult to see who came up with it in the first place, then you’ve got to comb through the attached VBA and the cell formulas to find it.
Third, mobility of data. I’ve seen many instances where Excel doesn’t correctly or consistently pull from a database or update the database correctly. It was certainly a matter of poor coding, but Excel doesn’t seem to consistently write to databases from machine to machine.
What Excel is pretty good for is dumbeddown visualization, ie, when you’re presenting technical stuff but need to make it ultra pedestrian for the business school guys, nothing’s better than Excel’s cartoonish graphics.
any “quant” worth their weight should be intimately familiar with SAS and SQL and deliver their results via Excel so the “business” can lipstick that pig.
@Moses, I have to agree with you. Baselinescenario was created to discuss the reasons behind and way forward from the Crash of 20082009 and had its greatest relevancy then. Now, it’s mostly a site waiting and hoping for something positive to happen in a political environment that has regrouped and moved on in the same general direction it was heading before the crash. Simon and James have spoken their peace, written their books, and are moving on as well. There needs to be a change in national and Beltway politics that can reestablish a nexus of pragmatic governance for this site to regain its vitality. I’m hoping that my child will see that day. I suspect I won’t.
I totally disagree with this disgusting comment!!! Excel has several powerful tools although
it’s solver function could be improved for non linear responses and coupled models with over 4 degrees
of freedom (a convergence issue). For after tax cash flow analysis (in Engineering Economics class),
I once programmed in Excel the entire IRS Depreciation schedule with just two inputs and a lot of
conditional logic. (I found an error in the published tables which they fixed.)
It does not do PDE’s which economists seem to love and practical engineers regard as oversimplifications
of reality since most of them ignore friction (economic parallel??). It doesn’t do computational
fluid dynamics either but we have good programs like Fluent which do. In addition to the wonderful
flow visualizations, they provide the data we need in spreadsheet format for further analysis.
I like Excel because I can check the individual calculations which are hidden by most programs.
By the way from what I have read, A program that excel basically copied, Lotus 123, was basically the ‘killer app’ of personal computers which made forever changed accountants jobs for the better. The PC revolution in the early 80′s took off from there. It that way the spreadsheet is the most important application of all time.
I sympathize with Moses’s concerns. When statistics and numbers are manipulated to favor the
ruling classes agenda, and since we it has been proved that politicians, (at this point in time),
can no longer distinguish right from wrong, or right from the left, or anything other than the current
status quo. We really do have a dysfunctional congress, that takes money candidates over quality
ones. And we have a wall street that is in denial to it’s dying breath.
I myself don’t know how it can sustain itself, and had I the power, I would expose them all.
It’s really only a matter of time as to when, and how, the reset equation is used, so the strong
CAN carry on. Until then we must put up with disinformation politics, and economics, because it
has become the norm.
Blaming Excel is like blaming guns for gun crime. There are many technical ways to potentially overcome the ‘copy and pasting’ problem. For example using templates, locked cells/sheets, Excel Services, documentlevel customizations etc.
The problem described is NOT a technical one. Its social or organizational. What is it about the banks and those they employ which allow casual and unprofessional ‘hacks’ to be built for mission critical activity? Why don’t they know their tools well? Where is the training? Where is choosing the right tool for the job? Where is the technical oversight and leadership?
Excel, Powerpoint and Access all suffer from similar issues – they are tools which are overused by amateurs. What is described above for Excel is exactly the same sort of critique Tufte has of Powerpoint – namely it creates a false sense of competence and is overused in places it should not be in order to satisfy the gods of “convenience”.
I think so se sight of the original facts. The bank contracted out the building of a model to an “expert” who made a programming error. I agree with the original post that it is too easy to make such errors in Excel. Excel should probably not be used for production calculations but when it is, the model should be properly tested and documented. I wonder what the state of the art is for standards and tools to document and test spreadsheets. (VisiCalc was the original killer app – Lotus 123 was a clone written for the IBMPC)
I just discounted everything you wrote because of your hysterical and gratuitous Microsoft bashing. By the way, Lotus had an innovative commanding system but still essentially ripped off VisiCalc and Multiplan. Excel was the first with a GUI.
@David (professional software engineer): Your point concerning the importance of experience,
training, and competence is well taken. Having said that,…
With all due respect for your doubtless considerable expertise in building software that does the
work it is designed to do, please bear in mind this well established and humbling fact: Every human
being is subject to marvelously seductive illusions of attention, memory, confidence and knowledge.
Awareness of their existence and power immunizes none of us against these illusions. Selfdeception
afflicts each of us, bar none.
Hey!
“After subtracting the old rate from the new rate, the spreadsheet divided by their sum instead of their average, as the modeler had intended. This error likely had the effect of muting volatility by a factor of two and of lowering the VaR . . .” “As the modeler had intended”….what? The spreadsheet didn’t do anything the modeler screwed up. Excel is singularly unimaginative and uncreative and suffers from being able to do one linear thing at a time which undermines supposedly nice features like Real TIme Data links etc. Oy a+b vs (a+b)/2…..or such.
Believing in Models in the first place is a far bigger error perhaps than misconstructing them…a model allows humans to withdraw from responsibility for their actions. Models are only models. Reality is far more complex than a model and the assumption a model captures reality in a suitably complete manner to be the sole basis of decision making is stupid in itself.
In any case the dialogue set out above gets sucked into the bs of technical matters when in fact there were some very obvious ‘nontechnical’ matters that should have constrained the Whale or led to his constraint by a supervisor (not a committee with no apparent singular person held accountable) like an overall position limit for example which requires no VAR to ascertain and could easily have been summed up on one or two sheets of an Excel workbook.
And so through technical arguments, critiques of spreadsheets, committees
we lose track of the fact that the Whale was out of control and no one is ultimately held responsible
in a significant way. Controlling unbridled corporate Banking Greed would go much further than quiblling
about models to prevent trading abuses – a class and moral approach to controlling criminal behavior.
...have an Excel table. Each row is a separate record. The user types in new records at the end of the table. One of the columns in the table contains a formula. Ideally the formula should apply for each cell in the entire column. Since I don't know how long the table will end up being, I simply ask that the user drag the formula down from the cell above. I do not want the user to accidentally change the formula though. At first I thought a Custom validation with a secret word that the user is unlikely to type in, would keep the user from changing the formula already in the cell. However, I can't stop the user from deleting the formula, which doesn't help. I then thought maybe locking (protecting with password) the column would do the trick. However, now the user can't drag down the formula from the cell above. I would therefor like help with one of 2 options:1 have the formula apply to the cell automatically as a new record is created (ideal)
2 find a way to protect the cell so that the user can copy the formula down, but not change or delete itAny brain waves?
I did find the following code online, which appears to go some ways to answer my first option, though I can't figure out why it only works if the formula is in column A (i.e. I have formulas in columns A, B, K, L, and AF to DL).
Code:
.alt2 font { font: 11px monospace !important; color: #333 !important; } body.dp {} .tiny { fontfamily: verdana,arial,helvetica,sansserif; fontsize: xxsmall; } .h3color { fontfamily: verdana,arial,helvetica,sansserif; color: #E47911; fontsize: xsmall; }Option Explicit Private Sub Worksheet_Change(ByVal Target As Range) Dim r As Range, c As Range, t As Range On Error Goto TheEnd If Not Intersect(Target, [E9:E65536]) Is Nothing Then 'Skips B1. Titles usually on first 7 rows. Row 8 has first formulas. Column E has first user typed entry MsgBox Intersect(Target, [E9:E65536]).Address & " was changed." Application.EnableEvents = False Application.Calculation = xlCalculationManual Application. ScreenUpdating = False For Each t In Target Set r = Union(Range("A" & t.Row), Range("C" & t.Row, Cells(t.Row, 19))) If VarType(t.Value) = vbEmpty Then 'r.ClearContents 'Clear all contents in row where B is empty. For Each c In r 'Clear only formulas where B is set to empty. If c.HasFormula Then c.Clear Next c Goto nextt End If For Each c In r If c.Offset(1, 0).HasFormula Then c.Offset(1, 0).Copy c Next c nextt: Next t TheEnd: Application.EnableEvents = True Application.Calculation = xlCalculationAutomatic Application.ScreenUpdating = True End If End Sub
Last edited by m.cain; 02212008 at 07:02 PM. Reason: found possible code, though not sure how to use
Here we present a huge collection of spreadsheet files which originally appeared on a CD which was sent, free, to members of ATM. We have now negotiated permission to make them available here.But, if you’re not a member, please consider joining ATM. Not only will you be supporting the further development of resources such as these but you will also receive the other benefits of belonging to one of the leading professional associations for mathematics educationalists.
ATM’s ICT publication is a CD of 16 programs especially designed to be used with any interactive whiteboard or projector. The programs provide a variety of teaching opportunities for KS2, KS3 and KS4 classrooms and because they are so flexible, almost all can be used at all these key stages.<< Samples from Problem Solving with Interactive Spreadsheets
The CD associated with this book contains sixteen interactive spreadsheets which have been developed to pose interesting and challenging problems. The tasks, many of which are well known, have been transferred to this format to help teachers offer learning opportunities to pupils that help develop their skills of mathematical reasoning.
The files will work with Excel and most other spreadsheet applications.
The problems require little prior knowledge in terms of explicit mathematical content. The aim is to provide problems that are challenging but accessible to students in the upper primary and secondary age ranges. Most of the problems include a range of extension problems to challenge even the most able.
The files are interactive so that as learners respond to the tasks and questions posed the next tasks appear on the screen automatically. The teacher’s guide offers suggestions for further extension and hints concerning solutions and proofs.
Today’s Tip *Applying Colors to Maximum/Minimum Values in a List* *To apply colors to maximum and/or minimum values:* Rounding all the numbers in column A to zero decimal places, except for those that have "5" in the first decimal place. 1. Select a cell in the region, and press Ctrl+Shift+* (in Excel 2003, press this or Ctrl+A) to select the Current Region. 2. From the Format menu, select Conditional Formatting. 3. In Condition 1, select Formula Is, and type =MAX($F:$F) =$F1. 4. Click Format, select the Font tab, select a color, and then click OK. 5. In Condition 2, select Formula Is, and type =MIN($F:$F) =$F1. 6. Repeat step 4, select a different color than you selected for Condition 1, and then click OK. *Note:* Be sure to distinguish between absolute reference and relative reference when entering the formulas. See screenshot for a sample <http://www.exceltip.com/images/screenshots/295.gif>
Doubleclick your way to fast formattingBy default, when you copy text from a different program (such as Microsoft Word, Microsoft PowerPoint®, or even Microsoft Internet Explorer) and paste it into an Excel cell, the original formatting comes along for the ride. Sometimes this leaves you with a tiny little cell with GIGANTIC FORMATTING that you need to fix by hand.
The Paste Options button that looks like this:
pops up, and you can use it to keep the original formatting or to match the destination formatting (that is, the formatting you've chosen for your cell). However, if you're like me (or want to be like me — aren't you sweet), that is just too many steps if you know that you want to match the formatting of the cell. This is especially true if you have a another program and keep your cell's formatting
 Select the text you want to pop into your Excel worksheet.
 Press CTRL+C.
 Switch back to Excel.
Tip Hey! Now's a good time to use that shortcut I told you about in the first tip! Doubleclick in the cell, and press CTRL+V.
It's like magic in a click (or two).
And so you have it. Five decent little tips to boost your skill level and keep your work humming along. So start the music!
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." — Aristotle
Creating a dropdown menuLynda Morris, president of NicLyn Consulting Corp, an Internetbased computer and network service company, often finds herself entering the same information or formulas in different parts of a spreadsheet. Instead of typing data repeatedly, she creates dropdown menus that save typing time. To create a dropdown menu:
• Open a worksheet and label your menu (Days for example) in the top cell of a column. • Enter data (days of the week, in this case) in the cells below the label (such as A2 to A8). • Highlight the list, including the label. • Click the Insert menu, then click Name, and then Define. • In the box under Names in workbook you will see the name of the range (Days). In the Refers to box, it should list "=Sheet1!" followed by the range (=Sheet1!$A$1:$A$8). • Click Add and then OK. • Select any cell or range of cells in which you want to enter data. • Click the Data menu and then Validation. • From the Allow dropdown menu, select List. In Source, type "=" and the name of your range (=Days). Make sure that the Incell dropdown box is checked. • Click one of the cells you highlighted to see your dropdown menu. Choose the item you want to enter in the active cell. Enter data from your list, in any order, in each of the cells you selected.
About: Spreadsheet::WriteExcel is a Perl module which can be used to create native Excel binary files. Formatted text and numbers can be written to multiple worksheets in a workbook. Formulas and functions are also supported. It is 100% Perl and doesn't require any Windows libraries or a copy of Excel. It will also work on the majority of Unix and Macintosh platforms. Generated files are compatible with Excel 97, 2000, 2002, and 2003, and with OpenOffice and Gnumeric. An older version also supports Excel 5/95.
Changes: This release includes minor bugfixes and enhancements.
by John Walkenbach (Paperback  Jan 13, 2004)
Buy a book to match your background and needs, February 11, 2004
Needing to finish my first Excel addin, and frustrated by the incompleteness and obscurity of MS's help system, I picked up this book after reading warm recommendations from readers of earlier versions.If you have never programmed Excel before, but have programmed a tiny bit in some other language, and do not have great ambitions for software development, this might be a fine text. It is quite readable and full of useful information. Walkenbach introduces VBA quickly, which is great, but so quickly he forgets to say what most of the language constructs do. His approach to teaching the Excel object model is to provide several fairly well written examples of little macros and utilities, each one with a clear English explanation. Unfortunately, if the technique you need does not appear in any of these examples, you are out of luck, because his explanations are neither extensive, detailed, nor thorough enough to impart a good understanding of what is going on. This, coupled with Excel's erratic behavior (mistype a property name and watch your user form mysteriously disappear, for instance), makes it very difficult to become independently productive without spilling a lot of sweat and tears.
The book's strengths include the numerous and wellorganized examples provided on the companion CD; the occasional sidebar that offers firsthand knowledge of bugs, inconsistencies, and strange design; fairly broad, if incomplete, coverage of the major aspects of Excel VBA programming; and very clear indications of differences among various Excel versions (97, 2000, 2003 mainly). Walkenbach is obviously an expert and has been so for a long time.
The weaknesses become apparent in contrasting this book with, say, Roman's text (O'Reilley). Where Walkenbach gives a macro to display all the icons associated with the several thousand Excel 'FaceId's, Roman publishes the complete table as an appendix. Where Walkenbach loosely skims over the properties of many key objects, such as ranges and charts, Roman takes the time to provide a terse but useful description of nearly every property, as well as a very illuminating diagram of the object hierarchy. Where Walkenbach completely omits to describe how VBA works, Roman actually offers a deeper explanation (showing how object references are arranged in memory, for instance, and describing exactly how a for..next loop is executed). Boring stuff for some, maybe, but a huge time saver for those who appreciate that the details matter. For someone who either has a lot of programming experience, or who plans to develop more than toy utilities or oneoff apps in Excel VBA, Roman's approach is much more useful than Walkenbach's.
If Walkenbach is appropriate for your background and ambitions, then you will probably agree it is a four or fivestar effort. Otherwise, you will likely be somewhat disappointed and, like me, will quickly find yourself looking for another book.
by John Walkenbach
Walkenbach and Excel...a great combination!, November 24, 2003
 Paperback: 864 pages
 Publisher: John Wiley & Sons; Bk&CDRom edition (October 17, 2003)
 Language: English
 ISBN: 0764540734
 Product Dimensions: 9.2 x 7.4 x 1.9 inches
 Shipping Weight: 2.7 pounds. (View shipping rates and policies)
 Average Customer Review: based on 8 reviews.
Reviewer: William A. Huber (Rosemont, PA USA)  See all my reviews
Excel 2003 Formulas provides some amazing ways to really master Excel. Walkenbach's formulas are the best! He covers operators, naming techniques, debugging, auditing, developing custom VBA functions, array formulas, imported 123 files, etc. Oh, and the CD that comes with this one is load too! Keep it within arms reach, August 19, 2005
Reviewer: Claire (Jasper, Indiana)  See all my reviews
If you only get 1 book on Excel, buy this book! Its simplicity of use and easy reading style make it a perfect companion for a basic to an experienced Excel user (or abuser).
Reviewer: Mark Jeffrey Lipin (Arizona)  See all my reviews
Great showcase of Excel's mathematical capabilities, February 6, 2006
It is often either inconvenient or financially unfeasible to solve every mathematical problem with a standalone procedural language or an expensive application such as Matlab or Mathematica. Since Excel has such advanced computational capabilities built into it and is ubiquitous in offices and homes, it would make sense to mine this application for numerical problem solving techniques. Bourg does a masterful job of presenting the tools available in Excel and showing the reader how to put them to work to solve real world engineering and mathematical problems. First, he spends a couple of chapters briefly going over Excel and its language VBA (Visual Basic for Applications). Next he goes over some intermediate level tasks such as collecting and cleaning up data, charting including 3D charts, and statistical analysis tasks such as correlating data and generating random numbers. Next Bourg moves into purely mathematical tasks such as working with discrete Fourier transforms, manipulating matrices and vectors, as well as working with basic mathematical functions. Once you have learned to use these mathematical tools in Excel, Bourg uses them to show you how to perform curve fitting and regression, solve equations, perform integration and differentiation, and solve both ordinary and partial differential equations. He even spends time on performing multivariable calculus and the finite element method in Excel. Chapter 13, on optimization, was my favorite chapter. Here, Bourg is actually getting into a little algorithm analysis and design via linear programming and genetic algorithms. This chapter showed me some truly innovative uses of Excel. The final chapter deviates from the scientific flavor of the book and concentrates on more traditional financial applications.
Reviewer: calvinnme "Texan refugee" (Fredericksburg, Va)  See all my reviews
The writing is very accessible, the examples are clear and very creative, and the author does a tremendous job of capturing the range of Excel's mathematical capabilities. Do not expect mathematical theory in this book. Bourg assumes you already know how to set up a mathematical problem and that you just need a computational platform and tools with which to perform your work. It is nice to know I am not necessarily held hostage by Mathworks(maker of Matlab) every time I need to solve a mathematical problem of any level of sophistication. Highly recommended. The table of contents is as follows:
1. Using Excel
2. Getting Acquainted with Visual Basic for Applications
3. Collecting and Cleaning Up Data
4. Charting
5. Statistical Analysis
6. Time Series Analysis
7. Mathematical Functions
8. Curve Fitting and Regression
9. Solving Equations
10. Numerical Integration and Differentiation
11. Solving Ordinary Differential Equations
12. Solving Partial Differenby Gerald Knight tial Equations
13. Performing Optimization Analyses in Excel
14. Introduction to Financial Calculations
 Paperback: 262 pages
 Publisher: O'Reilly Media, Inc.; 1 edition (January 3, 2006)
 Language: English
 ISBN: 0596100736
 Product Dimensions: 9.1 x 6.7 x 0.7 inches
 Shipping Weight: 14.7 ounces. (View shipping rates and policies)
 Average Customer Review: based on 1 review.
Chapter 3: Formula Annoyances (PDF Format)
Free Excel Training. BasicLevel 1 Free Excel Training
Excel Lesson 1: The Fundamentals of Excel
Excel Lesson 2: How to Start Excel, Creating and Saving Workbooks
Excel Lesson 3: Toolbars and Task Panes in Excel
Excel Lesson 4: Insert/Delete/Name/Move Worksheets
Excel Lesson 5: Cells, Moving Around Workbooks, Exiting
Excel Lesson 6: Basic Copy/Cut & Paste
Excel Lesson 7: Quick Copying Using the Fill Handle
Excel Lesson 8: Pasting Using Paste Special
Excel Lesson 9: Inserting Rows, Columns and Cells
Excel Lesson 10: Changing the Standard Default Options in Excel
Excel Lesson 11: Using the Undo and Redo Feature
Excel Lesson 12: Using the Format Painter to Copy a Cells Format
Excel Lesson 13: Using Dates and Times in Excel
Excel Lesson 14: Working with Custom Formats in Excel
Excel Lesson 15: The Basics of Excel Formulas
Excel Lesson 16: Excel Cell References. Relative and Absolute Cell References
Excel Lesson 17: Avoid Typing Whenever Possible. Use Your Mouse Pointer
Excel Lesson 18: Excel Arguments and Syntax in Formulas
Excel Lesson 19: Excel AutoSum Function/Formula
Excel Lesson 20: Excel Auto Calculate. Calculate Without Formulas
Excel Lesson 21: How to Use the Insert Function Feature to Create Formulas
Excel Lesson 22: Using Some of Excel's most Common Functions
Excel Lesson 23: Using Named Ranges in Excel as an Alternative to Cell References
Excel Lesson 24: Using Constants to Name Values and the Paste Name Dialog
Excel Lesson 25: Excel Calculations/How Excel Calculates/The Order of Calculations
Excel Lesson 26: Excel Cell Comments
Excel Lesson 27: Excel Find & Replace
Excel Lesson 28: Different Methods of Clearing Cell Contents
Excel Lesson 29: Effective Printing in Excel 1
Excel Lesson 30: Effective Printing in Excel 2
Excel Lesson 31: Sorting Data in Excel
Excel Lesson 32: Hide/Show Rows/Columns in Excel
Excel Lesson 33: Excel AutoFormats
Excel Lesson 34: Creating a Basic Spreadsheet
Excel Lesson 35: Charting the Basic Spreadsheet
Excel Lesson 36: Excel Worksheet Protection
Excel Lesson 37: Excel IF Formula/Function
Excel Lesson 38: Volatile FunctionsNow & Today
Microsoft Excel Tips from Excel Tip .com  Excel Tutorial  Free Excel Help
oreilly.com  Online Catalog Integrating Excel and Access
oreilly.com  Online Catalog Excel The Missing Manual
Chapter 4: Formatting Worksheets (PDF Format)
oreilly.com  Online Catalog Excel 2003 Personal Trainer
oreilly.com  Online Catalog Excel Scientific and Engineering Cookbook
Chapter 9: Solving Equations (PDF Format)
oreilly.com  Online Catalog Excel 2000 in a Nutshell, First Edition
oreilly.com  Online Catalog Excel 2003 Programming A Developer's Notebook
Chapter 2: Share Workspaces and Lists (PDF Format)
oreilly.com  Online Catalog Writing Excel Macros with VBA, Second Edition
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