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PDF Editor FAQ

What kind of math do you do in finance as a finance major?

In this case let me dive straight into the answer and then do a wrap up without going into some eloquent intro -In finance, there is a stream called quantitative analysis, which is basically statistical methods. For this you will need a good grasp of mathematics, and should be able to remember or visualise the logic of formulae. however for the most part its not very hard. Like being able to multiply, take squares, roots etc. and mostly you are allowed to use a calculator or a Log table. eg. of these are finding central tendencies (median,mean, mode, weighted and moving averages), dispersion (range, variance, deviations) Correlations and coefficients, skewness, kurtosis, probability, permutation and combinations etc. All these will involve basic multiplication and squares and roots. The formulae are not difficult to visualise, if you keenly look at it, its very application oriented and easy to remember. You would not have to do Integration and Differentiation (calculus) for finance courses.Another application of slightly complex math in finance is in arriving at Time Value for Money (TVM), again this is basically compound interest kind of situations and interest yield computations. you will again have to remember some basic formulae and apply them. you will get to use a calculator for these, as it would involve exponent usage, reciprocals etc.. (x raised to the power y or worse still x ^ 1/y). Again dont worry, once you get the hang of it, the theory is very simple and logical for anyone to understand, we do it all the time in life, the math is no big deal, as you will be allowed a calculator in your exams and of course you can use one in your life as well, as most of these will be done on computers (excel or worksheets).Depending on your curriculum - The next application of maths is in applied economics and valuation techniques - again very simple algebra, multiplication and division with some degree of understanding linear and log., exponentiation etc. Again dont go by the jargon, its all very simple, you will get what is known as Z table, and other applicable tables and you will not be required to do any big math yourself. Understanding some basic fromulae and remembering to use them at the right places is all that is tested. and in real life you will always use them in a computer in ready to use function in worksheets.So your finance will basically comprise of Accounting, economics, statistics, Reporting systems, Investment classes and valuation techniques etc. As you go higher in finance such as business analysis or predictive analysis, you will be required to brush up your statistics knowledge and logical reasoning and deductive capabilities, which again very basic.

How would you list all possible combinations from 5,000 items and each result should have four of these given items in Sheets or Excel?

Original Question: How would you list all possible combinations from 5,000 items and each result should have four of these given items in Sheets or Excel?I started to write the VBA code in my head, but then I did a sanity check to see if it would be possible:To list all combinations, it would require 26 trillion cells. This is 1,514 worksheets where you fill every cell from A1:XFD1048576. As previously discussed[1][1][1][1], a standard PC does not have enough memory to store a value in all of the cells of one worksheet, let alone 1,514 sheets.This assumes you are looking for combinations and not permutations. If you treat A-B-C-D differently than D-C-A-B, then you would need 36,336 worksheets with every cell filled.You might need to consider a platform more powerful than a spreadsheet for 5000 items.If you change your question to “How would you list all possible combinations from 40 items and each result should have four items”, then I would use the following VBA.Sub ListAll() ' 40 Items are in A1:A40 ' List all combinations in B:E Application.ScreenUpdating = False NextRow = 0 For A = 1 To 37 For B = (A + 1) To 38 For C = (B + 1) To 39 For D = (C + 1) To 40 NextRow = NextRow + 1 Application.StatusBar = NextRow Cells(NextRow, 2).Resize(1, 4).Value = Array(Cells(A, 1).Value, Cells(B, 1).Value, Cells(C, 1).Value, Cells(D, 1).Value) Next D Next C Next B Next A Application.ScreenUpdating = True Application.StatusBar = False End Sub With 40 names in A1:A40, the VBA will take about 20 seconds to generate all 91,390 combinations in B1:E91390.to:Footnotes[1] Bill Jelen's answer to How can we write our name in each and every single cell of an Excel worksheet?[1] Bill Jelen's answer to How can we write our name in each and every single cell of an Excel worksheet?[1] Bill Jelen's answer to How can we write our name in each and every single cell of an Excel worksheet?[1] Bill Jelen's answer to How can we write our name in each and every single cell of an Excel worksheet?

What is the coolest thing you have ever done on Excel?

I once created a very simple question and answer bot using MS Excel that blew my work colleagues away.The first step was to build an input screen that displayed a custom cartoon character asking users to input any question about the particular topic the Q & A answer bot was designed for (operation risk management, not the most enthralling subject!). There was only one input field on this home page worksheet.Next, on a hidden spreadsheet I created a list of hundreds of frequently and infrequently asked questions on operational risk management gathered from many sources and my own prior experience.The next step was to think of every possible permutation of each question, such “How do you assess a risk”, “How do I assess a risk”, “How do you assess risks”, “How are risks assessed” etc. I wrote all of these permutations in one column, then put a lookup reference in the next column, using the same reference for all combinations of the same question. I then put one answer for each unique reference number on another hidden sheet. I also added a few fun questions and answers, such as “What time is it?” (“Time to get back to work !”), “How does this work?”, “Where is my career headed?”, “What are next week’s lotto numbers” etc.Now all I had to do was use nested vertical lookups to match the text of the users question with my database of thousands of questions and then retrieve the corresponding answer. Some answers were long and required multiple strings of text to be joined to create a full answer. Some answers pointed users to the right place on our company intranet where they could get more information.To the casual user, it appeared to be some sort of artificial intelligence built into Microsoft Excel, but it was really just smoke and mirrors! Occasionally people would input a question that could not be matched, in which case they received a generic response “Hmmm. I’m not sure about that. Try rewording the question or try asking another question” but a significant proportion of users got the answer they were seeking first time, even when they thought they were asking a cheeky question!

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