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Microsoft Excel is a spreadsheet editor developed by Microsoft for Windows, macOS, Android, iOS and iPadOS. It features calculation or computation capabilities, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA). Excel forms part of the Microsoft 365 suite of software.
Excel's storage of numbers in binary format also affects its accuracy. [3] To illustrate, the lower figure tabulates the simple addition 1 + x − 1 for several values of x. All the values of x begin at the 15 th decimal, so Excel must take them into account. Before calculating the sum 1 + x, Excel first approximates x as a binary number
Power Pivot. Power Pivot, formerly known as PowerPivot (without spacing), is a self-service business intelligence feature of Microsoft Excel which facilitates the creation of a tabular model to import, relate, and analyze data from a variety of sources. Power Pivot extends a local instance of Microsoft Analysis Services tabular that is embedded ...
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Power Query. Power Query is an ETL tool created by Microsoft for data extraction, loading and transformation, and is used to retrieve data from sources, process it, and load them into one or more target systems. Power Query is available in several variations within the Microsoft Power Platform, and is used for business intelligence on fully or ...
Spreadsheet. A spreadsheet is a computer application for computation, organization, analysis and storage of data in tabular form. [ 1][ 2][ 3] Spreadsheets were developed as computerized analogs of paper accounting worksheets. [ 4] The program operates on data entered in cells of a table.
Pivot table. A pivot table is a table of values which are aggregations of groups of individual values from a more extensive table (such as from a database, spreadsheet, or business intelligence program) within one or more discrete categories. The aggregations or summaries of the groups of the individual terms might include sums, averages ...
The Bornhuetter–Ferguson method was introduced in the 1972 paper "The Actuary and IBNR", co-authored by Ron Bornhuetter and Ron Ferguson. [ 4][ 5][ 7][ 8] Like other loss reserving techniques, the Bornhuetter–Ferguson method aims to estimate incurred but not reported insurance claim amounts. It is primarily used in the property and casualty ...
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