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Friday 1 September 2017

FORMULA TO ASSIGN RANK (RANK FUNCTION ALTERNATIVE)



We have a in-built RANK function in excel to assign rank to our data but the issue with this function is it skips ranking(s) if there is a tie. In above case, it assigns 3 to 40 and 5 to 38 and skips ranking 4. But the formula that has been used in column C is a perfect substitute for it and returns the correct rankings even if there are duplicate values in our data. It can be used in place of excel RANK function.

Formula used in C2:C11

=SUM(0+(FREQUENCY(IF($A$2:$A$11>A2,$A$2:$A$11),$A$2:$A$11)>0))+1 with CSE

You can use "<" in place of  ">" if you want to assign the ranking in ascending order.

Thanks for reading it:)

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