Functions:
A function is a special keyword which can be entered into a cell in order to process some data which is appended within brackets. The syntax for using functions is: cell address =Function Name(Data). The arguments passed to a function often include a range of cells. Excel recognizes these functions provided they are preceded by an equal sign and end with brackets. A typical spreadsheet program contains over 100 different functions for performing statistical, financial, mathematical, and logical operations. These functions are useful in performing simple and frequently used calculations. Some examples are =sum(A1:A4), =average(B2:B6), etc. [Refer Exhibits 4(a) - (h) (in Appendix) for screenshots on Functions along with examples of financial, mathematical, trigonometrical, and statistical functions].
Following are the different types of functions in Excel:
- Financial functions
- Date & time functions
- Mathematical & Trigonometrical functions
- Statistical functions
- Lookup & Reference functions
- Database functions
- Text functions
- Logical functions
- Information functions
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