Bibliography

  • Barnett, Raymond, Michael Ziegler, and Karl Byleen. College Mathematics for Business, Economics, Life Sciences, and Social Sciences, 13e, Pearson, 2015.

  • Haeussler, Ernest, Richard Paul, and Richard Wood, Introductory Mathematical Analysis for Business, Economics and the Life and Social Sciences, 13e, Pearson, 2011.

Appendix M5.1: ­Using Excel for Matrix Calculations

Three Excel functions are helpful with matrices: MMULT for matrix multiplication, MINVERSE for finding the inverse of the matrix, and MDETERM for finding the determinant of a matrix.

To multiply matrices in Excel, use MMULT as follows:

  1. Highlight all the cells that will contain the resulting matrix.

  2. Type = MMULT(matrix1, matrix2), where matrix1 and matrix2 are the cell ranges for the two matrices being multiplied.

  3. Instead of just pressing Enter, press Ctrl+Shift+Enter.

Pressing Ctrl+Shift+Enter simultaneously indicates that a matrix operation is being performed, so all cells in the matrix are changed accordingly. Program M5.1A provides an example of this in cells F9:G10. The output is shown in Program M5.1B.

The MINVERSE function is illustrated in cells F14:G15 of Program M5.1A. Remember that the entire range of the matrix (F14:G15) must be highlighted before entering the MINVERSE function. Pressing Ctrl+Shift+Enter provides the final result shown in Program M5.1B.

The MDETERM function is used to find the determinant of a matrix. This is illustrated in cell F19 of Program M5.1A. The numerical result is shown in Program M5.1B.

A spreadsheet illustrates for the multiplication of two matrices, inversion of a matrix, and determinant of a matrix using actual numbers.

Program M5.1B Excel Output for Matrix Operations

A screenshot showing how to run forecasting for Wallace Gardens in QM for Windows.

Program M5.1A Excel Formulas for Matrix Operations

..................Content has been hidden....................

You can't read the all page of ebook, please click here login for view all page.
Reset