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

Learn how to calculate the average per month in Excel using AVERAGE function and PivotTables efficiently.

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To calculate the average per month in Excel, use the AVERAGE function combined with grouping by month. First, ensure your data includes a date column. Use the PivotTable feature: Select your data range, go to Insert > PivotTable, and add to a new worksheet. Put your dates in the Rows area and your values in the Values area. Finally, click on any date in the PivotTable and group by months. This will give you the monthly average of your data automatically.

FAQs & Answers

  1. What is the AVERAGE function in Excel? The AVERAGE function in Excel calculates the arithmetic mean of a set of values.
  2. How can I group dates by month in Excel? To group dates by month in Excel, use a PivotTable and select the date field to group by months.
  3. Can I calculate averages for specific date ranges in Excel? Yes, you can calculate averages for specific date ranges by filtering or using conditional formulas in addition to PivotTables.

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