88% of spreadsheets have errors

Microsoft Excel makes it easy for anyone to do the kind of number crunching once reserved for accountants and statisticians. But the world’s best-selling spreadsheet software has also contributed to the proliferation of bad math. Close to 90% of spreadsheet documents contain errors, a 2008 analysis of multiple studies suggests. “Spreadsheets, even after careful development, contain errors in 1% or more of all formula cells,” writes Ray [...]

2014-04-11T11:24:29-04:00By |Business, Cash Flow Planning, Events and Resources, Forecasting and Planning Articles|Comments Off on 88% of spreadsheets have errors
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