I've got a headache which I would love some help with
So I have the following table:
Table 1:
Date Hour Volume Value Price
10/09/2018 1 10 400 40.0
10/09/2018 2 80 200 2.5
10/09/2018 3 14 190 13.6
10/09/2018 4 74 140 1.9
11/09/2018 1 34 547 16.1
11/09/2018 2 26 849 32.7
11/09/2018 3 95 279 2.9
11/09/2018 4 31 216 7.0
Then what I wan to do is view the weighted average by hour.
e.g.
Hour Price
1 21.52272727
2 9.896226415
3 4.302752294
4 3.39047619
And if possible (bonus point). Then be able to change this by time period e.g. each hour within specified dates.
The way it looks in Excel:
A B C D E
1 Date Hour Volume Value Price
2 10/09/2018 1 10 400 40.0
3 10/09/2018 2 80 200 2.5
4 10/09/2018 3 14 190 13.6
5 10/09/2018 4 74 140 1.9
6 11/09/2018 1 34 547 16.1
7 11/09/2018 2 26 849 32.7
8 11/09/2018 3 95 279 2.9
9 11/09/2018 4 31 216 7.0
The output should be:
Hour Price
1 21.52272727
2 9.896226415
3 4.302752294
4 3.39047619
Calculated Like:
Hour Price
1 ((E2*C2)+(E6*C6))/SUM(C2,C6)
2 ((E3*C3)+(E7*C7))/SUM(C3,C7)
3 ((E4*C4)+(E8*C8))/SUM(C4,C8)
4 ((E5*C5)+(E9*C9))/SUM(C5,C9)
I've looked at lots of weighted average questions and answers and they all make sense but I can't quite put them together the way I want.
I hope that makes sense.
Thanks guys,
I have reproduced your desired report:
There is no need to involve price in the calculations. Weighted Average price is simply total value / total volume, for the selected set of dates. Let's say your table is called "Data". Create measure:
Weighted Average Price = DIVIDE( SUM(Data[Value]), SUM(Data[Volume]))
Put it into a pivot table against hours, and you are done.
The formular will work correctly for any set of dates you select. For example, in a version of the above report with both hours and dates on pivot:
you can see that it calculates prices correctly on individual dates, subtotals and the total.