How to Use the Weighted Average Formula in Excel
ExcelHow to Use the Weighted Average Formula in Excel
When you're calculating the average for a set of values, you're generally working with values that have the same weight and importance.
But what happens if some values weigh more than others? This is where the weighted average formula comes in.
In this article, we will break down how to use this formula in Excel, plus provide some examples.
How to Calculate Weighted Average in Excel
To calculate the weighted average in Excel, you must use the SUMPRODUCT and SUM functions using the following formula:
=SUMPRODUCT(X:X,X:X)/SUM(X:X)
This formula works by multiplying each value by its weight and combining the values. Then, you divide the SUMPRODUCT but the sum of the weights for your weighted average.
Still confused? Let's go over the steps in the next section.
Using SUMPRODUCT to Calculate Weighted Average in Excel
1. Enter your data into a spreadsheet then add a column containing the weight for each data point.
2. Type =SUMPRODUCT to start the formula and enter the values.
3. Click enter to get your results.
How to Find Weighted Moving Averages in Excel
A weighted moving average is a technique used to keep the time period of the average the same as you add new data or give more weight to certain time periods. This can allow you to identify trends and patterns more easily.
For instance, say you have the number of views your website got in...
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