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Prorate/Normalization formula

  1. #1
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    Prorate/Normalization formula

    Hello guys,

    I ma trying to apply calendar normalization.

    My scenario is this, I have ten reads(from date- to date) and the information is in continuity from one read to another.
    I am trying to find out what is the value for each full month regardless the read(from date - to date)

    It might make more sense on the excel file which I have attached it.

    I would really appreciate if someone can help me with this problem.

    Thank you!
    Attached Files Attached Files

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    Re: Prorate/Normalization formula

    First in 'Input' are text "dates". If you are not aware of it dates are numbers that are the count of days from 1/1/1900. Today 9/19/2018 is day 43362. The formatting is cosmetic.

    I converted for you in the attached. In the future you will want to be alert for this as it is common for dates to be entered or imported as text.

    Times are also numbers ... decimal fractions of a day. 8:00 AM = 8/24 =1/3 = 0.3333333 Noon is 12/24 = 1/2 = 0.5 and 4:00 PM = 0.66666667

    In the attached made a helper column in D of 'Input' to break down the daily amounts in each date range.
    Formula: copy to clipboard
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    Then in C2 and down 'Output'
    Formula: copy to clipboard
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    Dave

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    Re: Prorate/Normalization formula

    Thank you so much FlameRetired for your answer.

    I am having some difficulties understanding the logic you have used.

    I tried to calculate the result for April 2018 by moving step by step. My result has a delta of 3% comparing to yours.

    I have attached the file(output tab).

    Looking forward to see your response on this.

    thanks again!
    Attached Files Attached Files

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    Re: Prorate/Normalization formula

    A difference lies in how the number of days is calculated in the helper.

    =DAYS(L16,K16) returns number of days exclusive of the start date.

    In the upload the calculations were supposed to be

    =(L16-K16+1)

    or if you prefer

    =DAYS(L16,K16)+1

    Both start and end date are included.

    If you "shrink" the problem I find it more intuitive. TODAY()-TODAY()+1 = 1 which is correct.

    My apologies for that oversight.

    Make that correction in the helper column, and please let me know how it checks out.

    Also note that 5/1/2018 is included in the 'Input' list and therefore in the amount per day calculation in that row. 5/1/2018 is not included in the 'Output' ranges but the amount per day is used from the 4/3/2018 - 5/1/2018 range in the calculation of 'Output' 4/1/2018 - 4/30/2018.
    I have probably explained that very badly, but if you look at both ranges and what is included and why it should be intuitive.

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    Re: Prorate/Normalization formula

    FlameRetired, thank you again for your response.

    I am having some difficulties here . I am not sure where to make the correction.
    Do you mind to take another look

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    Re: Prorate/Normalization formula

    In the attached for the helper formula.
    Formula: copy to clipboard
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    In 'Output' column C
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    The summary now shows Delta 0% but only because it is formatted to 0 decimal places. Formatted to 4 places 0.0003%.
    Attached Files Attached Files

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