How to Calculate Monthly Averages in Excel: A Step-by-Step Guide

Learn to easily calculate monthly averages in Excel using the AVERAGE function and PivotTables.

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Calculating average per month in Excel: Use the `AVERAGE` function. Suppose your data range is `A1:A12` for monthly data. To find the average, type `=AVERAGE(A1:A12)` in an empty cell and press Enter. For data span across years, use a PivotTable. Select your data, go to `Insert > PivotTable`, drag Date to Rows and Values to Values, then change aggregation from Sum to Average to see monthly averages.

FAQs & Answers

  1. What is the AVERAGE function used for in Excel? The AVERAGE function calculates the mean of selected data values, allowing users to quickly analyze numerical datasets.
  2. How do I create a PivotTable in Excel? To create a PivotTable, select your data range, navigate to the Insert tab, click on PivotTable, and follow the prompts to analyze your data.
  3. Can I calculate averages over multiple years in Excel? Yes, you can use a PivotTable to aggregate data over multiple years and display monthly averages by configuring the date range accordingly.
  4. What are some common mistakes when using the AVERAGE function? Common mistakes include not selecting the correct range of data, including empty cells, or using the function incorrectly in formulas.

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