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how to calculate a weighted average in pivot table. Step 3 Calculate the sum of the weights in another cell. The weighted average is calculated as the sum of all of the values multiplied by their weights divided by the sum of all of the weights.
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And then in the pivot table right click the Sum of Amount Summarize Values By Average. In the Formula box enter the formula you want used for your weighted average such as WeightedValueWeight. Create Date or Category.
If you go for the latter option try to specify the range of the current pivot table.
Insert a Pivot Table Add to Data Model. Now you will get all averages of each month in the Pivot Table see below screenshots. Lets Look at an Example. I am trying to create a formula in my pivot table that creates a weighted average rate per unit.
