Finding the groups and centroids of one-variable data with K-means and Excel
After we process the data, we can use pivot tables to research the group members and value ranges, the centroids and upper/lower values, and the possible outliers of the data.
With the pivot chart analysis, we will explore the following segment information:
- Assigning values for every group
- Calculating the centroid or the average point for every group
- Exploring the range of values for each segment
This information will give us a complete picture of how the segment values range. With this information, we can plan a different strategy for each group. We will likely see that we have to create a subsegment of a group because it has a large standard deviation or many scattered points at a distance from its centroid. We will also identify the possible outliers for each group.
Assigning values for every group
We'll build a pivot table with the ID
, OneVarGroups
(data values), and...