Analyzing pocket price by discrete market variables (e.g., region) reveals important variation in price and suggests what is causing it. Learn how to create such graphics in Excel, what this analysis reveals, and why to avoid Excel's built-in tool.
How to create powerful boxplots in Excel in clear, step-by-step lessons
Why to avoid Excel's built-in boxplot tool
What You Get
80 minutes of instruction through 12 lessons
Structured Excel workbook to download, follow along, and review completed exercises
Quiz to demonstrate understanding of material at course completion
Course curriculum
1
Welcome
Before we begin...
2
1: Introduction
Pocket Price by Market Variable (Discrete) worksheet
01 Boxplot - Intro
3
2: Which Price?
02 Boxplot - Which Price
4
3: Boxplot Introduction
03 Boxplot - Intro
5
4: Stepping into Excel
04 Boxplot - Excel Intro
6
5: Setting Up the PivotTable
05 Boxplot - PivotTable Setup
7
6: Organizing the Data
06 Boxplot - Organizing the Data
8
7: Calculating Percentiles
07 Boxplot - Calculating Percentiles
9
8: Percentiles Function Detail
08 Boxplot - Percentiles Function Detail
10
9: Final Data Table
09 Boxplot - Final Data Table
11
10: Creating the Chart
10 Boxplot - Creating the Chart
12
11: Using Excel's Built-in Boxplot
11 Boxplot - Excel Built-In
13
12: Boxplot Insights
12 Boxplot - Insights and Outro
14
Next steps
Pocket Price by Market Variable (Discrete) quiz
Before you go...
Instructor(s)
Instructor
Nathan Phipps
Nathan L. Phipps is a Consultant at Wiglaf Pricing and Instructor at the Wiglaf Institute. His areas of focus include pricing transformations, marketing analysis, conjoint analysis, and commercial policy.
Before joining Wiglaf Pricing, Nathan worked as a pricing analyst at Intermatic Inc., where he dealt with market pricing and the creation of price variance and minimum advertised price policies. His prior experience includes time in aerosol valve manufacturing and online education.
Nathan holds an MBA with distinction in Marketing Strategy and Planning & Entrepreneurship from the Kellstadt Graduate School of Business at DePaul University and a BA in Biology & Philosophy from Greenville College. He is a Certified Pricing Professional (CPP).
He is based in Chicago, Illinois.
FAQ
Who is this for?
These courses teach the quantitative skills required to excel in pricing analysis. Analysts on pricing, commercial, sales ops, and finance teams can improve their output via the Wiglaf Institute.
I'm a manager. Why should my team enroll?
Pricing analysis is a critical interstitial function whose goal is improving profitability. It affects, and is affected by, sales, marketing, and finance decisions.
You have many responsibilities. Teams need the right analytical training and skills to make the right decisions.
Train your team all at once and onboard new hires. Increase your team's impact and influence across the organization.
With the Wiglaf Institute, you know your team is equipped to deliver results.
I'm an analyst. Why should I enroll?
Pricing is a growing function across industries and organizations. Be a part of this exciting growth by getting the skills needed to succeed.
By acquiring new hard and relevant skills, you can get ahead of the competition for a new analyst role.
Or, you can increase your value to your current organization and be known as someone who can deliver.
What is your refund policy?
Due to the nature of the product, no refunds will be offered. All sales are final.
Get Started
Level up your analysis skills with this important tool!