Why is weekly data difficult to work with?
Weekly data is difficult to work with because the seasonal period (the number of weeks in a year) is both large and non-integer. The average number of weeks in a year is 52.18. Most of the methods we have considered require the seasonal period to be an integer.
How to add monthly data to weekly data?
Drag the formula down to copy it to all the rows in your data set. When you are finished, you should have a table of data like this: Now, we can add up all the parts of the month to get our monthly totals… To begin, we need to set up a monthly table. Next to your data table, build a row of month calendar headings using dates, like shown:
How are weekly outputs converted to monthly outputs?
There are three common methods of converting weekly outputs to monthly outputs: New financial month starts with the week containing the 1st of that month: In other words, if one of the days in the reporting week contains the first day of a particular month, then that week “belongs” to that month;
Is it possible to convert a week to a day in Excel?
It is still possible to convert week beginning dates and data, but the formulas will need to be changed. Since we have only summarized data about each week, there is no way to know exactly what each day’s data was, so you will need to make some assumptions about the daily data.
When is it time to do a gap analysis?
This gap between desired and actual outcomes indicates it’s time to perform a gap analysis. The gap analysis process is straightforward, but the devil is definitely in the details. Depending on what part of the business you’re seeking to improve, a gap analysis report can be extensive.
Which is the best tool for a gap analysis?
Some gap analysis tools that can help turn your findings into an action plan include a S.W.O.T. analysis (strengths, weaknesses, opportunities, threats), which helps you organize the problem areas as well as the recommendations, and a fishbone diagram, which enables you to map the root causes of issues.
When do breakaway gaps occur in the market?
Breakaway gaps are the exciting ones. These occur when the price action is breaking out of a trading range or congestion area. To understand gaps, one has to understand the nature of congestion areas in the market. A congestion area is just a price range in which the market has traded for some period of time, usually a few weeks or so.