1. Statistical Modelling
Excel’s statistical modelling includes tools to create histograms, generate random numbers, find correlations between data sets, measure for rank and percentile, perform regression, and assess sampling. Excel’s statistical modelling can reduce human errors sometimes involved in statistical analysis. The advanced Excel involved in producing statistical models and performing advanced data analytics enables you to perform meaningful statistical analysis and create useful models.

2. Forecasting and Prediction
It helps to create data at higher and lower confidence levels for different degrees of probability, which is very important for business. It predicts stock trajectories, forecasts the growth of sales efforts, and understands economic changes.

3. Pivot Tables
Pivot tables are powerful and can automatically give quick data summaries in a massive Excel spreadsheet by grouping matching data. The table section can insert a tab and can be used to count, sort, total, or average data taken from one large spreadsheet.

4. VBA and Macros
Visual Basic for Applications in Office (VBA) is a simple programming language created by Microsoft to extend and automate the capabilities of Excel and other Office software. It helps to automate any function and enables you to save the resulting code as a macro to be used repeatedly.

5. Model Historic Stock Trends
It creates a stock data type that specifically pulls in present and historical stock performance data. Modelling the variation of the stock and the instruments based on it helps to receive a representation of the stock’s valuation at present and over time.

These are the advanced Excel topics which need to master in advanced Excel skills needed in the digital world. It will enhances the career opportunities.