Data-Analytic Im 2021-2022
Data-Analytic Im 2021-2022
This course prepares students to gather, describe, and analyze data, and
use advanced statistical tools to make decisions on operations, risk
management, finance, marketing, etc. Analysis is done targeting economic and
financial decisions in complex systems that involve multiple partners. Topics
include probability, statistics, hypothesis testing, regression, clustering, decision
trees, and forecasting.
V. LESSON CONTENT
Data preparation is used to clean and transform raw data into the right
shape and format for analysis, including making corrections and
combining data sets.
Data pipelines enable the automated transfer of data from one system to
another.
ETLs (Extract, Transform, Load) are built to take the data from one
system, transform it, and load it into the organization’s data warehouse.
Data catalogs help manage metadata to create a complete picture of the
data, providing a summary of its changes, locations, and quality while
also making the data easy to find.
Data warehouses are places to consolidate various data sources,
contend with the many data types of businesses store, and provide a
clear route for data analysis.
Data governance defines standards, processes, and policies to maintain
data security and integrity.
Data architecture provides a formal approach for creating and managing
data flow.
Data security protects data from unauthorized access and corruption.
Data modeling documents the flow of data through an application or
organization.
Visibility
Data management can increase the visibility of your organization’s data
assets, making it easier for people to quickly and confidently find the right data
for their analysis. Data visibility allows your company to be more organized and
productive, allowing employees to find the data they need to better do their jobs.
Reliability
Data management helps minimize potential errors by establishing
processes and policies for usage and building trust in the data being used to
make decisions across your organization. With reliable, up-to-date data,
companies can respond more efficiently to market changes and customer needs.
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Security
Data management protects your organization and its employees from data
losses, thefts, and breaches with authentication and encryption tools. Strong
data security ensures that vital company information is backed up and retrievable
should the primary source become unavailable. Additionally, security becomes
more and more important if your data contains any personally identifiable
information that needs to be carefully managed to comply with consumer
protection laws.
Scalability
Data management allows organizations to effectively scale data and usage
occasions with repeatable processes to keep data and metadata up to date.
When processes are easy to repeat, your organization can avoid the
unnecessary costs of duplication, such as employees conducting the same
research over and over again or re-running costly queries unnecessarily.
Lack of data insight Data from an increasing number and variety of sources
such as sensors, smart devices, social media, and video
cameras is being collected and stored. But none of that
data is useful if the organization doesn’t know what data it
has, where it is, and how to use it. Data management
solutions need scale and performance to deliver meaningful
insights in a timely manner.
Difficulty maintaining Organizations are capturing, storing, and using more data
data-management all the time. To maintain peak response times across this
performance levels expanding tier, organizations need to continuously monitor
the type of questions the database is answering and
change the indexes as the queries change—without
affecting performance.
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Need to easily Collecting and identifying the data itself doesn’t provide any
process and convert value—the organization needs to process it. If it takes a lot
data of time and effort to convert the data into what they need
for analysis, that analysis won’t happen. As a result, the
potential value of that data is lost.
Though many hotel systems have built-in analytics tools, their capabilities
may be restricted to solving narrow tasks in a particular niche. As a rule,
software like the PMS provides you with basic business KPIs but doesn’t explain
trends and their causes. If you see that the occupancy rate is lower than
expected, you often can’t respond adequately without additional insights.
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The biggest key to solving this equation with numerous unknowns is the
right technology. It should take into account multiple factors (from weather to
upcoming events) impacting booking decisions and support real-time or dynamic
pricing — a set of practices for aligning room rates with shifts in demand.
The US economy hotel chain used analytical tools to predict that 3 percent
of flight cancelations will lead to nearly 90,000 passengers stranded in airports
near their hotels every day. Next, revenue managers reached publicly available
weather reports and datasets on flight cancellations to forecast when and where
delays and cancellations would likely hit the 3 percent limit.
Then, knowing that most passengers would use mobile phones to search
for nearby lodging options the company launched a marketing campaign aimed
at mobile device users in the geographical areas affected by the bad weather.
This resulted in a 10 percent increase in revenue in regions where the strategy
was employed.
After feeding this data to business intelligence, you can identify OTAs or booking
engines that attract most deluxe room reservations, design optimal channel mix
and turn down sources that don’t generate profits.
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From a revenue manager’s point of view, not all guests are equal. Some
visitors limit themselves to using hotel rooms only, not ordering additional
services, while others splurge on dining, fitness activities, spa treatments, hotel
casino, celebrating special occasions, and so on.
Don’t collect more than necessary. Decide why you need particular data
and how it can help you reach your business goals. Don’t waste time and
storage space on information you are not going to utilize.
Integrate. Hotels often tend to operate isolated applications for different
functional areas. Ideally, all your systems and tools should be integrated
with each other for seamless data exchange.
Centralize. If possible, use a single dashboard connected with different
systems. This way, you will have a centralized view of your business and
bring all departments together.
Invest in training. Teach your staff to collect, unify, and organize data in
the hotel software, using different sources of information — both physical
and digital.
Keep it in a data warehouse. This will ensure that the data you need is
cleansed, structured, conveniently packaged, always at hand, and ready
to use by analytical tools.
Analyze it. Perhaps, your PMS can calculate key hotel KPIs, based on
booking data it operates. Yet, you need more powerful analytics tools to
extract valuable insights. There are many ready-to-use BI solutions on
the market. However, chances are that none of them will perfectly fit your
specific business needs. Custom BI solutions offer more flexibility and will
accurately meet your requirements. But, it takes time, money and tech
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2. DATA STORAGE
Data storage describes what type of, where, and how hardware or software
holds, deletes, backs up, organizes, and secures information. This includes
keeping data in temporary or permanent storage. The digitization of
manufacturing, known as Industry 4.0, is a good example of how the enormous
volumes of data, real-time analysis, and quickness drive innovation and increase
data storage demands.
The simplicity of using a paper punch card to hold data has long gone by the
wayside. Today data can be stored not only on hard disks, memory cards, and
DVDs but also in the cloud, and on atoms and DNA. Consider these questions to
better understand what data storage is:
What type of thing holds the data? For example, data can sit on hard disks,
flash drives, Non-Volatile Memory Express (NVMe) systems, and DNA. A virtual
software-defined infrastructure also may hold data.
Where is the data stored? For example, data can be stored on-premise, in
server farms, on the Internet of Things (IoT), or through a data storage service,
as a cloud provider.
How is the data stored? For example, solid-state drives use “electronically
programmable and erasable memory microchips” to store data. Other storage
devices may use Light Store, an environmentally friendly technology, or flash
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memory, an” electronic, non-volatile data storage medium that is erased and
reprogrammed electrically” to store data.
Image Credit: Science X
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Image Credit: TechCrunch
3. DATA INTEGRATION
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4. DATA QUALITY
Data quality is the measure of how well suited a data set is to serve its
specific purpose. Measures of data quality are based on data quality
characteristics such as accuracy, completeness, consistency, validity,
uniqueness, and timeliness.
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Data quality refers to the development and implementation of activities that
apply quality management techniques to data in order to ensure the data is fit to
serve the specific needs of an organization in a particular context. Data that is
deemed fit for its intended purpose is considered high quality data.
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A good data quality service should provide a data quality dashboard that
delivers a flexible user experience and can be tailored to the specific needs of
the data quality stewards and data scientists running data quality oversight.
These tools and solutions can provide data quality testing but cannot fix
completely broken and incomplete data. A solid data management framework
should be in place to develop, execute, and manage the policies, strategies, and
programs that govern, secure, and enhance the value of data collected by an
organization.
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Now, when you are familiar with its basics, let us move forward to how the
data management system benefits businesses.
DMS allows you to reduce such repetitions by integrating all the files in a
single database. While the scattered data is getting converted into a single
database, the system deletes all the duplicate values. Besides, any change or
duplicate entries are reflected almost immediately. Controlling data redundancy
through DMS results in more accurate data and huge savings on resources and
productive time.
With DMS, you don’t need to back up your data frequently. It duly takes
care of the backup and recovery process by automatically backing up your data at
regular intervals. Besides, you don’t even need to worry even if your system
crashes in the middle of a process, or you have a system failure. DMS restores
the database to its last saved condition.
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5. Data Consistency
There are multiple users who access the data for their respective tasks.
Thus, data consistency is a must for accurate business decisions. As DMS
ensures no data redundancy, data consistency is fairly easy to maintain.
All the data remains consistent for all the users. Even the minutest change
to the database is reflected in the database and visible to all who are using the
database.
Within social change work, there is usually a stark power asymmetry. From
humanitarian work, to campaigning, documenting human rights violations to
movement building, advocacy organizations are often led by – and work with –
vulnerable or marginalized communities. We often approach social change work
through a critical lens, prioritizing how to mitigate power asymmetries. We
believe we need to do the same thing when it comes to the data we work with –
question it, understand its limitations, and learn from it in responsible ways.
In one way or another, all data is shaped by people and their decisions.
How we treat data, how we think about what it tells us (or what it doesn’t), how
we choose what to collect and what not to collect all have impacts upon people.
Responsible Data practices are a way of bringing those considerations to the
fore to ensure we use data in a way that strengthens our work and mitigates the
unintended consequences of our work.
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2. What is Big Data? And what is its relation to the hospitality industry?
VII. EVALUATION (Note: Not to be included in the student’s copy of the IM)
1. How does the data management affects the operation in the hotel industry?
IX. References
A. Book/Printed Resources
Lea R Dopson; David K Hayes (2018), Food And Beverage Cost Control,
Hoboken, New
Jersey: John Wiley & Sons, Inc.,
Shamoo, A.E. (1989). Principles of Research Data Audit. Gordon and Breach,
New York.
Shepard, R.J. (2002). Ethics in exercise science research. Sports Med, 32 (3):
169-183.
Silverman, S., Manson, M. (2003). Research on teaching in physical education
doctoral
dissertations: a detailed investigation of focus, method, and analysis. Journal of
Teaching in Physical Education, 22(3): 280-297.
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Smeeton, N., Goda, D. (2003). Conducting and presenting social work research:
some basic
statistical considerations. Br J Soc Work, 33: 567-573.
Thompson, B., Noferi, G. 2002. Statistical, practical, clinical: How many types of
significance
should be considered in counseling research? Journal of Counseling &
Development,
80(4):64-71.
Resnik, D. (2000). Statistics, ethics, and research: an agenda for educations and
reform.
Accountability in Research. 8: 163-88
B. e-Resources
Dopson, L. R., Hayes, D. K., Food and beverage cost control. 6th edition.
(2016), Retrieved
January, 2020 from http://www.cotr.bc.ca/bookstore/cotr_web.asp?
IDNumber=164 for
a complete list of the currently required textbooks.
Jack E. Miller, Lea R. Dopson and David K. Hayes (2014), Food and Beverage
Cost Control
Third Edition, Retrieved January, 2020 from
https://www.scribd.com/document/364370774/Food-and-Beverage-Cost-Control-
pdf
Lea R. Dopson, David K. Hayes, Food and Beverage Cost Control, 7th Edition
(2016),
Retrieved January, 2020 from
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https://www.wiley.com/enus/Food+and+Beveragentrol%2C+7th+Edition
Odom, Clement K., "Logistics and Supply Chain Management in the Hotel
Industry: Impact
on Hotel Performance in Service Delivery" (2012). UNLV Theses,
Dissertations,
Professional Papers, and Capstones. 1339. Retrieved January, 2020,
https://digitalscholarship.unlv.edu/thesesdissertations/1339
Peter Briscoe and Griff Tripp (2016), Chapter 4. Food and Beverage Services,
Retrieved
January, 2020 from https://opentextbc.ca/ir-4-food-and-beverage-services/
WILL KENTON, Cost Control. Updated Apr 9, 2019 retrieved January, 2020 from
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https://www.investopedia.com/terms/c/cost-control.asp
Zhang, X., Song, H. and Huang, G., 2009. Tourism supply chain management: A
new research
agenda. Tourism Management, [online] 30(3), pp.345-358, Retrieved January,
2020 from
<http://www.sciencedirect.com/science/article/pii/S0261517708002161>
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This course prepares students to gather, describe, and analyze data, and
use advanced statistical tools to make decisions on operations, risk
management, finance, marketing, etc. Analysis is done targeting economic and
financial decisions in complex systems that involve multiple partners. Topics
include probability, statistics, hypothesis testing, regression, clustering, decision
trees, and forecasting.
V. LESSON CONTENT
DATA ANALYSIS
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helps to identify patterns and trends for interpretation. Here is a complete list
of tools.
1. DATA MINING
Data mining is the process of finding anomalies, patterns and correlations within
large data sets to predict outcomes. Using a broad range of techniques, you can use this
information to increase revenues, cut costs, improve customer relationships, reduce risks
and more.
the process of digging through data to discover hidden connections and predict
future trends has a long history. Sometimes referred to as "knowledge discovery in
databases," the term "data mining" wasn’t coined until the 1990s. But its foundation
comprises three intertwined scientific disciplines: statistics (the numeric study of data
relationships), artificial intelligence (human-like intelligence displayed by software and/or
machines) and machine learning (algorithms that can learn from data to make
predictions). What was old is new again, as data mining technology keeps evolving to
keep pace with the limitless potential of big data and affordable computing power.
Over the last decade, advances in processing power and speed have enabled us
to move beyond manual, tedious and time-consuming practices to quick, easy and
automated data analysis. The more complex the data sets collected, the more potential
there is to uncover relevant insights. Retailers, banks, manufacturers,
telecommunications providers and insurers, among others, are using data mining to
discover relationships among everything from price optimization, promotions and
demographics to how the economy, risk, competition and social media are affecting their
business models, revenues, operations and customer relationships.
Knowledge from data mining can help companies and governments cut
costs or increase revenue. For example, an early form of data mining was used
by companies to analyze huge amounts of scanner data from supermarkets. This
analysis revealed when people were most likely to shop, and when they were
most likely to buy certain products, like wine or baby products. This enabled the
retailer to maximize revenue by ensuring they always had enough product at the
right time in the right place. One of the first bestselling systems was A.C.
Nielson’s best-selling Spotlight, which broke down supermarket sales data into
multiple dimensions including volume by region and product type.
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2. BUSINESS INTELLIGENCE
It’s important to note that this is a very modern definition of BI—and BI has
had a strangled history as a buzzword. Traditional Business Intelligence, capital
letters and all, originally emerged in the 1960s as a system of sharing
information across organizations. It further developed in the 1980s alongside
computer models for decision-making and turning data into insights before
becoming specific offering from BI teams with IT-reliant service solutions.
Modern BI solutions prioritize flexible self-service analysis, governed data on
trusted platforms, empowered business users, and speed to insight.
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is that data collection alone is not enough for insights; processing and analyzing
that data is what leads to actionable insights that drive business decisions.
6. Data governance and regulations – The new GDPR law has put
many restrictions on the way personal data is being collected, used,
stored, processed, and shared. The new laws include requirements
to keep data accurate and up to date, to demonstrate grounds for
processing data and formulate a clear privacy policy for improved
transparency. A GDPR compliant business intelligence software e
helps you to centralize all the data which in turn improves
transparency and exposes inaccuracies and gaps. Furthermore, it
enables a company to be in a position of meeting the global
regulations and laws to avoid being blacklisted by the regulators
and the customers as well.
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3. STATISTICAL ANALYSIS
Whether you are working with large data volumes or running multiple
permutations of your calculations, statistical computing has become essential for
today’s statistician. Popular statistical computing practices include:
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In the end, descriptive statistics are used to describe the data, while
inferential statistics are used to infer conclusions and hypotheses about the
same information.
4 PREDICTIVE ANALYTICS
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5. TEXT ANALYTICS
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Who is talking?
What are they talking about?
What are they saying about those subjects?
How do they feel?
Data analysts and other professionals use text mining tools to derive useful
information and context-rich insights from large volumes of raw text, such as
social media comments, online reviews, and news articles. In this way, text
analytics software forms the backbone of business intelligence programs,
including voice of customer/customer experience management, social listening
and media monitoring, and voice of employee/workforce analytics.
Text analytics is the way to unlock the meaning from all of this unstructured
text. It lets you uncover patterns and themes, so you know what customers are
thinking about. It reveals their wants and needs.
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2022
Companies use Text Analysis to set the stage for a data-driven approach
towards managing content. The moment textual sources are sliced into easy-to-
automate data pieces, a whole new set of opportunities opens for processes like
decision making, product development, marketing optimization, business
intelligence and more.
content management;
semantic search;
content recommendation;
regulatory compliance.
When turned into data, textual sources can be further used for deriving
valuable information, discovering patterns, automatically managing, using, and
reusing content, searching beyond keywords and more.
ACTIVITY 1. Create a diagram of the following analysis and explain its process.
• Text Analysis
• Statistical Analysis
• Diagnostic Analysis
• Predictive Analysis
• Data Mining
**(PORTFOLIO)
VII. EVALUATION
ESSAY: DIRECTION: Answer each question comprehensively, concisely,
and creatively.
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1. Among all the different types of Data Analysis? What do you think
is best suited for the housekeeping operations? Front Office operations, and
back-office operations?
VIII. REFERENCES
C. Book/Printed Resources
Lea R Dopson; David K Hayes (2018), Food And Beverage Cost Control,
Hoboken, New
Jersey: John Wiley & Sons, Inc.,
Shamoo, A.E. (1989). Principles of Research Data Audit. Gordon and Breach,
New York.
Shepard, R.J. (2002). Ethics in exercise science research. Sports Med, 32 (3):
169-183.
Silverman, S., Manson, M. (2003). Research on teaching in physical education
doctoral
dissertations: a detailed investigation of focus, method, and analysis. Journal of
Teaching in Physical Education, 22(3): 280-297.
Smeeton, N., Goda, D. (2003). Conducting and presenting social work research:
some basic
statistical considerations. Br J Soc Work, 33: 567-573.
Thompson, B., Noferi, G. 2002. Statistical, practical, clinical: How many types of
significance
should be considered in counseling research? Journal of Counseling &
Development,
80(4):64-71.
Resnik, D. (2000). Statistics, ethics, and research: an agenda for educations and
reform.
Accountability in Research. 8: 163-88
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D. e-Resources
Dopson, L. R., Hayes, D. K., Food and beverage cost control. 6th edition.
(2016), Retrieved
January, 2020 from http://www.cotr.bc.ca/bookstore/cotr_web.asp?
IDNumber=164 for
a complete list of the currently required textbooks.
Jack E. Miller, Lea R. Dopson and David K. Hayes (2014), Food and Beverage
Cost Control
Third Edition, Retrieved January, 2020 from
https://www.scribd.com/document/364370774/Food-and-Beverage-Cost-Control-
pdf
Lea R. Dopson, David K. Hayes, Food and Beverage Cost Control, 7th Edition
(2016),
Retrieved January, 2020 from
https://www.wiley.com/enus/Food+and+Beveragentrol%2C+7th+Edition
Odom, Clement K., "Logistics and Supply Chain Management in the Hotel
Industry: Impact
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Peter Briscoe and Griff Tripp (2016), Chapter 4. Food and Beverage Services,
Retrieved
January, 2020 from https://opentextbc.ca/ir-4-food-and-beverage-services/
WILL KENTON, Cost Control. Updated Apr 9, 2019 retrieved January, 2020 from
https://www.investopedia.com/terms/c/cost-control.asp
Zhang, X., Song, H. and Huang, G., 2009. Tourism supply chain management: A
new research
agenda. Tourism Management, [online] 30(3), pp.345-358, Retrieved January,
2020 from
<http://www.sciencedirect.com/science/article/pii/S0261517708002161
>
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This course prepares students to gather, describe, and analyze data, and
use advanced statistical tools to make decisions on operations, risk management,
finance, marketing, etc. Analysis is done targeting economic and financial
decisions in complex systems that involve multiple partners. Topics include
probability, statistics, hypothesis testing, regression, clustering, decision trees,
and forecasting.
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Thus, data analysis is a process for obtaining large, unstructured data from
various sources and converting it into information that is useful for −
Answering questions
Test hypotheses
Decision-making
Disproving theories
Microsoft Excel provides several means and ways to analyze and interpret
data. The data can be from various sources. The data can be converted and
formatted in several ways. It can be analyzed with the relevant Excel commands,
functions and tools - encompassing Conditional Formatting, Ranges, Tables,
Text functions, Date functions, Time functions, Financial functions, Subtotals,
Quick Analysis, Formula Auditing, Inquire Tool, What-if Analysis, Solvers, Data
Model, PowerPivot, Power View, Power Map, etc.
You will be learning these data analysis techniques with Excel as part of
two parts −
Data Analysis Process consists of the following phases that are iterative
in nature −
Data Requirements Specification
Data Collection
Data Processing
Data Cleaning
Data Analysis
Communication
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Data Collection
Data Collection is the process of gathering information on targeted
variables identified as data requirements. The emphasis is on ensuring accurate
and honest collection of data. Data Collection ensures that data gathered is
accurate such that the related decisions are valid. Data Collection provides both
a baseline to measure and a target to improve.
Data is collected from various sources ranging from organizational databases to
the information in web pages. The data thus obtained, may not be structured and
may contain irrelevant information. Hence, the collected data is required to be
subjected to Data Processing and Data Cleaning.
Data Processing
The data that is collected must be processed or organized for analysis.
This includes structuring the data as required for the relevant Analysis Tools. For
example, the data might have to be placed into rows and columns in a table
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Data Cleaning
Data Analysis
Data that is processed, organized and cleaned would be ready for the
analysis. Various data analysis techniques are available to understand, interpret,
and derive conclusions based on the requirements. Data Visualization may also
be used to examine the data in graphical format, to obtain additional insight
regarding the messages within the data.
Communication
The results of the data analysis are to be reported in a format as required
by the users to support their decisions and further action. The feedback from the
users might result in additional analysis.
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However, there are certain operations that are more effective when data
is in tables rather than in ranges. There are also operations that are exclusively
for tables.
You will understand the ways of analyzing data in ranges and tables as
well. You will understand how to name ranges, use the names and manage the
names. The same would apply for names in the tables.
You need to clean the data obtained from various sources and structure it
before proceeding to data analysis. You will learn how you can clean the data.
With Text Functions
Containing Date Values
Containing Time Values
Conditional Formatting
Quick Analysis
With Quick Analysis tool in Excel, you can quickly perform various data
analysis tasks and make quick visualizations of the results.
Data Visualization
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You will learn several Data Visualization techniques using Excel Charts.
You will also learn how to create Band Chart, Thermometer Chart, Gantt chart,
Waterfall Chart, Sparklines and Pivot Charts.
Data Validation
It might be required that only valid values be entered into certain cells.
Otherwise, they may lead to incorrect calculations. With data validation
commands, you can easily set up data validation values for a cell, an input
message prompting the user on what is expected to be entered in the cell,
validate the values entered with the defined criteria and display an error
message in case of incorrect entries.
Financial Analysis
Excel provides you several financial functions. However, for commonly
occurring problems that require financial analysis, you can learn how to use a
combination of these functions.
Formula Auditing
When you use formulas, you might want to check whether the formulas
are working as expected. In Excel, Formula Auditing commands help you in
tracing the precedent and dependent values and error checking.
Inquire
Excel also provides Inquire add-in that enables you compare two
workbooks to identify changes, create interactive reports, and view the
relationships among workbooks, worksheets, and cells. You can also clean the
excessive formatting in a worksheet that makes Excel slow or makes the file
size huge.
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With Excel, you can create and use meaningful names to various parts of
your data. The advantages of using range names include −
To create a Range name, using the Name box that is to the left of formula bar is
the fastest way. Follow the steps given below:
Step 1 − Select the range for which you want to define a Name.
Step 2 − Click on the Name box.
Step 3 − Type the name and press Enter to create the Name.
You can also create Range Names using the New Name dialog box from
Formulas tab.
Step 1 − Select the range for which you want to define a name.
Step 2 − Click the Formulas tab.
Step 3 − Click Define Name in the Defined Names group. The New
Name dialog box appears.
Step 4 − Type the name in the box next to Name
Step 5 − Check that the range that is selected and displayed in the Refers
box is correct. Click OK.
Create a Range Name using the Create Names from Selection dialog box
You can also create Range names using the Create Names from the Selection
dialog box from Formulas tab, when you have Text values that are adjacent to
your range.
Step 1 − Select the range for which you want to define a name along with
the row / column that contains the name.
Step 2 − Click the Formulas tab.
Step 3 − Click Create from Selection in the Defined Names group.
The Create Names from Selection dialog box appears.
Step 4 − Select top row as the Text appears in the top row of the selection.
Step 5 − Check the range that got selected and displayed in the box next
to Refers to be correct. Click OK.
Now, you can find the largest value in the range with =Sum(Student
Name), as shown below
You can create names with multiple selection also. In the example given
below, you can name the row of marks of each student with the student’s name.
Now, you can find the total marks for each student with =Sum (student
name), as shown below.
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Managing Names
An Excel Workbook can have any number of named cells and ranges. You
can manage these names with the Name Manager.
Click the Formulas tab.
Click Name Manager in the Defined Names group. The Name
Scope of a Name
You can define the Scope of a New Name when you define the name
using New Name dialog box. For example, you are defining the name
Interest_Rate. Then you can see that the Scope of the New
Name Interest_Rate is the Workbook.
The Scope options include Workbook, and the sheet names in the workbook.
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Step 2 − Click the current worksheet name, in this case NPV and click OK.
You can define / find the sheet name in the worksheet tab.
Step 3 − To verify that Scope is worksheet, click Name Manager. In the Scope
column, you will find NPV for Interest_Rate. This means you can use the
Name Interest_Rate only in the Worksheet NPV, but not in the other
Worksheets.
Note − Once you define the Scope of a Name, it cannot be modified later.
Deleting Names with Error Values
Sometimes, it may so happen that Name definition may have errors for
various reasons. You can delete such names as follows:
Step 1 − Click Filter in the Name Manager dialog box.
Step 3 − From the obtained list of Names, select the ones you want to delete
and click Delete.
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Step 4 − Change the Name by typing the new name that you want in
the Name Box.
Step 5 − Click the Range button to the right of Refers to Box and include the
new cell references.
Step 6 − Add a Comment (Optional)
Notice that Scope is deactive and hence cannot be changed.
Click OK. You will observe the changes made.
Applying Names
As you observe, names are not defined and used in PMT function. If you place
this function somewhere else in the worksheet, you also need to remember
where exactly the parameter values are. You know that using names is a better
option.
In this case, the function is already defined with cell references that do not have
names. You can still define names and apply them.
Step 1 − Using Create from Selection, define the names.
Step 2 − Select the cell containing the formula. Click next to Define Name in
the Defined Names group on the Formulas tab. From the drop-down list,
click Apply Names.
Step 3 − The Apply Names dialog box appears. Select the Names that you
want to Apply and click OK.
The selected names will be applied to the selected cells.
The list of names and their corresponding references are copied at the
specified location on your worksheet as shown in the screen shot given below −
For example, in the data given below, the Range B6:F6 and the Range
C3:C8 have Cell C6 in common, which actually represents the marks scored by
the student Kodeda, Adam in Exam 1.
Here, you are using the Range Intersection operation, space between the two
ranges.
This will display marks of Kodeda, Adam in Exam 1, that are given in Cell C6.
You can create and use an Excel table to manage and analyze data
easily. Further, with Excel Tables you get built-in Filtering, Sorting, and Row
Shading that ease your reporting activities.
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Tables provide additional features that are not available for ranges. These
are −
Excel provides table tools in the ribbon ranging from properties to
styles.
Excel automatically provides a Filter button in each column header to
sort the data or filter the table such that only rows that meet your
defined criteria are displayed.
If you have multiple rows in a table, and you scroll down the sheet so
that the header row disappears, the column letters in the worksheet
are replaced by the table headers.
When you place a formula in any cell in a column of the table, it gets
propagated to all the cells in that column.
You can use table name and column header names in the formulas,
without having to use cell references or creating range names.
You can extend the table size by adding more rows or more columns
by clicking and dragging the small triangular control at the lower-right
corner of the lower-right cell.
You can create and use slicers for a table for filtering data.
Create Table
To create a table from the data you have on the worksheet, follow the
given steps −
Step 1 − Select the Range of Cells that you want to include in the Table. Cells
can contain data or can be empty. The following Range has 290
rows of employee data. The top row of the data has headers.
Step 2 − Under the Insert tab, in the Tables group, click Tables. The Create
Table dialog box appears. Check that the data range selected in
the Where is the data for your table? Box is correct.
Step 3 − Check the My table has headers box if the top row of the selected
Range contains data that you want to use as the Table Headers.
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Note − If you do not check this box, your table will have Headers – Column1,
Column2, …
Step 4 − Click OK.
Range is converted to Table with the default Style.
Step 5 − You can also convert a range to a table by clicking anywhere on the
range and pressing Ctrl+T. A Create Table dialog box appears and
then you can repeat the steps as given above.
Table Name
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When you are working with a greater number of rows of data in a table,
you may have to scroll down to look at the data in those rows.
However, while doing so, you also require the table headers to identify
which value belongs to which column. Excel automatically provides a smooth
way of doing this. As you scroll down your data, the column letters of the
worksheet themselves get converted to table headers.
In the worksheet given below, the column letters are appearing as they
are and the table headers are in row 2. 21 rows of 290 rows of data are visible.
Scroll down to see the table rows 25 – 35. The table headers will replace
the column letters for the table columns. Other column letters remain as they are.
In the table given below, suppose you want to include the age of each employee.
Step 1 − Insert a column to the right of the column Birthdate. Type Age in the
Column Header.
Step 2 − In any of the Cells in that empty column, type the Formula, =DAYS
([@BirthDate], TODAY ()) and Press Enter.
The formula propagates automatically to the other cells in that column of the
table.
Resize Table
Remove Duplicates
When you gather data from different sources, you probably can have
duplicate values. You need to remove the duplicate values before going further
with analysis.
Look at the following data where you have information about various
products of various brands. Suppose, you want to remove duplicates from this
data.
Click the table.
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You will get a message on how many rows with duplicate values are
removed and how many unique values remain. The cleaned data will be
displayed in the table.
Convert to Range
You have several options of Table Styles to choose. These options can
be used if you need to highlight a Row / Column.
You can check / uncheck these boxes to see how your table looks.
Finally, you can decide on what options suit your data.
It is advised that the Table Style Options be used only to project important
information in your data rather than making it colorful, which is not needed in
data analysis.
Table Styles
You have several table styles to choose from. These styles can be used
depending on what color and pattern you want to display your data in the table.
Move your mouse on these styles to have a preview of your table with the
styles. Finally, you can decide on what style suit your data.
If you are using Excel 2013 or Excel 2016, you can use Slicers for
filtering data in your table.
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For details on how to use Slicers for Tables, refer the chapter on Filtering in this
tutorial.
The data that you obtain from different sources many not be in a form
ready for analysis. In this chapter, you will understand how to prepare your data
that is in the form of text for analysis.
Initially, you need to clean the data. Data cleaning includes removing
unwanted characters from text. Next, you need to structure the data in the form
you require for further analysis. You can do the same by:
Finding required text patterns with the text functions.
Extracting data values from text.
Formatting data with text functions.
Executing data operations with the text functions.
When you import data from another application, it can have nonprintable
characters and/or excess spaces. The excess spaces can be:
leading spaces, and/or
extra spaces between words.
If you sort or analyze such data, you will get erroneous results.
This is the raw data that you have obtained on product information
containing the Product ID, Product description and the price. The character “|”
separates the field in each row.
As you observe, the entire data is in a single column. You need to
structure this data to perform data analysis. However, initially you need to clean
the data.
You need to remove any nonprintable characters and excess spaces that
might be present in the data. You can use the CLEAN function and TRIM
function for this purpose.
CLEAN
1.
Removes all nonprintable characters from text
TRIM
2.
Removes spaces from text
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EXACT
1.
Checks to see if two text values are identical
FIND
2. Finds one text value within another (case-
sensitive)
SEARCH
3. Finds one text value within another (not case-
sensitive)
You need to extract the required data from text in order to structure the same. In
the above example, say, you need to place the data in three columns –
ProductID, Product_Description and Price.
Suppose the fields in your data neither are delimited by a character nor
are aligned in columns with spaces between each field, you can use text
functions to extract data values. Even in the case the fields are delimited, you
can still use text functions to extract data.
Some of the text functions that are useful for this purpose are:
LEFT
1.
Returns the leftmost characters from a text value
RIGHT
2.
Returns the rightmost characters from a text value
MID
3. Returns a specific number of characters from a text string
starting at the position you specify
LEN
4.
Returns the number of characters in a text string
You can also combine two or more of these text functions as per the data
you have at hand, to extract the required data values. For example, using a
combination of LEFT, RIGHT and VALUE functions or using a combination of
FIND, LEFT, LEN and MID functions.
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Observing this information, you can extract the data values with the following
steps −
Find the Position of First | - First | Position
o You can use FIND function
Find the Position of Second | - Second | Position
o You can use FIND function again
Beginning to (First | Position – 2) Characters of the Text give
ProductID
o You can use LEFT Function
(First | Position + 2) to (Second | Position - 2) Characters of the
Text give Product_Description
o You can use MID Function
(Second | Position + 2) to End Characters of the Text give Price
o You can use RIGHT Function
You can observe that the values in the price column are text values. To
perform calculations on these values, you have to format the corresponding
cells. You can look at the section given below to understand formatting text.
Using Excel Flash Fill is another way to extract data values from text.
However, this works only when Excel is able to find a pattern in the data.
Step 1 − Create three columns for ProductID, Product_Description and Price
next to the data.
Step 2 − Copy and paste the values for C3, D3 and E3 from B3.
Step 3 − Select cell C3 and click Flash Fill in the Data Tools group on
the Data tab. All the values for ProductID get filled.
Step 4 − Repeat the above given steps for Product_Description and Price. The
data is filled.
Excel has several built-in text functions that you can use for formatting
data containing text. These include −
Functions that format the Text as per your need:
No Function & Description
.
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LOWER
1.
Converts text to lowercase
UPPER
1.
Converts text to uppercase
PROPER
2. Capitalizes the first letter in each word of a text
value
DOLLAR
1.
Converts a number to text, using the $ (dollar) currency format
FIXED
2.
Formats a number as text with a fixed number of decimals
TEXT
3.
Formats a number and converts it to text
VALUE
1.
Converts a text argument to a number
You might have to perform certain Text Operations on your Data. For
example, if Login-IDs for the Employees are changed to a New Format in an
Organization, based on the Format Change, Text Replacements might have to
be done.
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REPLACE
1.
Replaces characters within text
SUBSTITUTE
2.
Substitutes new text for old text in a text string
CONCATENATE
3.
Joins several text items into one text item
CONCAT
4. Combines the text from multiple ranges and/or strings, but it does not
provide the delimiter or IgnoreEmpty arguments.
TEXTJOIN
Combines the text from multiple ranges and/or strings and includes a
5. delimiter you specify between each text value that will be combined. If the
delimiter is an empty text string, this function will effectively concatenate
the ranges.
REPT
6.
Repeats text a given number of times
The data that you obtain from different sources might contain date values.
In this chapter, you will understand how to prepare your data that contains data
values for analysis.
You will learn about:
Date Formats
o Date in Serial Format
o Date in different Month-Day-Year Formats
Converting Dates in Serial Format to Month-Day-Year Format
Converting Dates in Month-Day-Year Format to Serial Format
Obtaining Today's Date
Finding a Workday after specified Days
Customizing the Definition of a Weekend
Number of Workdays between two given Dates
Extracting Year, Month, Day from Date
Extracting Day of the Week from Date
Obtaining Date from Year, Month and Day
Calculating Number of Years, Months and Days between two Dates
Date Formats
Excel supports Date values in two ways:
Serial Format
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Workdays exclude weekend days and any holidays. This means if you can
define your weekend and holidays, whatever calculations you do will be based
on workdays. For example, you can calculate invoice due dates, expected
delivery times, the next meeting date, etc.
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WORKDAY
1. Returns the serial number of the date before or after a specified number of
workdays
WORKDAY.INTL
Returns the serial number of the date before or after a specified number of
2.
workdays using parameters to indicate which and how many days are weekend
days
For example, you can specify the 15th working day from today (the
screenshot below is taken on 16th May 2016) using the Functions TODAY and
WORKDAY.
Sunday, Monday 2
Monday, Tuesday 3
Tuesday, Wednesday 4
Wednesday, Thursday 5
Thursday, Friday 6
Friday, Saturday 7
Sunday only 11
Monday only 12
Tuesday only 13
Wednesday only 14
Thursday only 15
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Friday only 16
Saturday only 17
Suppose if weekend is Friday only, you need to use the number 16 in the
WORKDAY.INTL function.
You can find the number of workdays between two dates with the Excel
functions NETWORKDAYS and NETWORKDAYS.INTL. Just as in the case of
WORKDAYS and WORKDAYS.INTL, NETWORKDAYS and
NETWORKDAYS.INTL allow you to specify holidays and with
NETWORKDAYS.INTL you can additionally specify the weekend.
NETWORKDAYS
1.
Returns the number of whole workdays between two dates
NETWORKDAYS.INTL
Returns the number of whole workdays between two dates
2.
using parameters to indicate which and how many days are
weekend days
You can calculate the number of workdays between today and another
date with the functions TODAY and NETWORKDAYS. In the screen shot given
below, today is 16th May 2016 and end date is 16th June 2016. 25th May 2016
and 1st June 2016 are holidays.
Your data might have the information about Year, Month and Day
separately. You need to get the date combining these three values to perform
any calculation. You can use the DATE function for getting the date values.
You might have to calculate the time lapsed from a given date. You might
need this information in the form of years, months and days. A simple example
would be calculating the current age of a person. It is effectively the difference
between the birth date and today. You can use Excel DATEDIF, TODAY and
CONCATENATE functions for this purpose.
The data that you obtain from different sources might contain time values.
In this chapter, you will understand how to prepare your data that contains time
values for analysis.
Time Formats
Excel supports Time Values in two ways:
Serial Format
In various Hour-Minute-Second Formats
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You can also specify date and time together. For example, if you type
May 17, 2016 7:25 in a cell, it will be displayed as 5/17/2016 7:25 and it
represents 5/17/2016 7:25:00 AM.
Using Excel TIMEVALUE function
Using Format Cells dialog box
Click the Number tab in the Format Cells dialog box.
Click General under Category.
If you need to perform calculations based on current time, simply use the
Excel function NOW (). The result reflects the date and time when it is used.
The following screen shot of Now () function usage has been taken on 17 th May,
2016 at 12:22 PM.
o C4 is formatted as Time
o C5 and C6 are formatted as Number.
You get the time difference as days. To convert to hours, you need to
multiply by 24.
E. Book/Printed Resources
Lea R Dopson; David K Hayes (2018), Food And Beverage Cost Control,
Hoboken, New
Jersey: John Wiley & Sons, Inc.,
Shamoo, A.E. (1989). Principles of Research Data Audit. Gordon and Breach, New York.
Shepard, R.J. (2002). Ethics in exercise science research. Sports Med, 32 (3): 169-183.
Silverman, S., Manson, M. (2003). Research on teaching in physical education
doctoral
dissertations: a detailed investigation of focus, method, and analysis.
Journal of
Teaching in Physical Education, 22(3): 280-297.
Smeeton, N., Goda, D. (2003). Conducting and presenting social work research:
some basic
statistical considerations. Br J Soc Work, 33: 567-573.
Thompson, B., Noferi, G. 2002. Statistical, practical, clinical: How many types of
significance
should be considered in counseling research? Journal of Counseling &
Development,
80(4):64-71.
Resnik, D. (2000). Statistics, ethics, and research: an agenda for educations and
reform.
Accountability in Research. 8: 163-88
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Dopson, L. R., Hayes, D. K., Food and beverage cost control. 6th edition. (2016), Retrieved
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for
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Harding, R. (2014, June 30). The productivity puzzles. Financial Times. Retrieved January,
2020 from http://www.ft.com/
Financial Management (2019). HOG historical prices, Harley Davidson, Inc. common stock.
(n.d.). Retrieved January, 2020 from http://finance.yahoo.com/q/hp?
s=HOG+Historical+Prices
Jack E. Miller, Lea R. Dopson and David K. Hayes (2014), Food and Beverage Cost Control
Third Edition, Retrieved January, 2020 from
https://www.scribd.com/document/364370774/Food-and-Beverage-Cost-Control-pdf
Lea R. Dopson, David K. Hayes, Food and Beverage Cost Control, 7th Edition
(2016),
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Marina Bay Sands, (2015). Media Centre | Company Information | Marina Bay Sands.
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Noble, D.F. (2012), Gallery of best resumes: A collection of quality resumes by professional
resume writer, Retrieved January, 2020, http://login.library.sheridanc.on.ca/login?
Odom, Clement K., "Logistics and Supply Chain Management in the Hotel
Industry: Impact
on Hotel Performance in Service Delivery" (2012). UNLV Theses,
Dissertations,
Professional Papers, and Capstones. 1339. Retrieved January, 2020,
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Partridge, A.R (2011) Foodservice Logistics Brings Value to The Table. Retrieved
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2020 http://www.inboundlogistics.com/cms/article/foodservice-ticsvalue-to-
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Peter Briscoe and Griff Tripp (2016), Chapter 4. Food and Beverage Services,
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NVSU-FR-ICD-05-00 (081220)” In Accordance with Section. Fair Use of a Copyrighted Works of Republic Act 8293, the
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Stuart-Hill, T (2013) A practical guide to competitive set selection: hotel business review,
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WILL KENTON, Cost Control. Updated Apr 9, 2019 retrieved January, 2020 from
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Zhang, X., Song, H. and Huang, G., 2009. Tourism supply chain management: A new
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