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Finding the average re-order date in terms of months

  1. #1
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    Finding the average re-order date in terms of months

    Hi Guys,

    I wanted to find out the average re-order dates for a particular customer. Please see example data below.

    Customer 1
    01/06/2012 175.53
    07/06/2012 17.05
    10/01/2012 31.88
    10/09/2011 19.29
    10/10/2011 66.51
    12/08/2011 188.45
    12/09/2011 19.38
    17/03/2012 76.04
    24/03/2013 261.48
    27/10/2012 140.95

    The dates show the date when the customer placed an order and I want to analyse those dates with a formula to show that for example customer 1 orders every 2 months.

    Any help is appreciated.

    thanks!

  2. #2
    Forum Expert XOR LX's Avatar
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    Turin, Italy
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    Re: Finding the average re-order date in terms of months

    Hi,

    Various ways you could present this statistic of course, but how about this, which will give you the approx. Average Number of Orders per Month (0.46 in the case of the customer you give)? Note that this method takes no account of the cost/size of the customer’s orders, simply the number of orders.

    =(COUNT(A1:A10)-1)/((MAX(A1:A10)-MIN(A1:A10))/30.42)

    (30.42 is just an approx. average number of days per month)

    Regards

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