Data Analysis with ChatGPT

You don't need to be a data scientist to analyze data. ChatGPT can help you understand your data, find patterns, and draw insights - even if you've never used Excel formulas.

What ChatGPT Can Do with Data

Capability	Example
Explain data	"What does this spreadsheet show?"
Find patterns	"What trends do you see?"
Suggest analysis	"How should I analyze this?"
Create formulas	"Write a formula to calculate X"
Interpret results	"What does this mean for our business?"
Visualize	"What chart should I use?"

Sharing Data with ChatGPT

Small Datasets (Copy/Paste)

For small amounts of data, paste directly:

Describing Your Data

When data is too large to paste:

Basic Data Analysis

Understanding Your Data

Finding Trends

Comparing Periods

Statistical Analysis

Basic Statistics

Percentages and Rates

Business Metrics

Sales Analysis

Customer Metrics

Financial Ratios

Interpreting Results

Making Sense of Numbers

Benchmarking

Data Visualization

Choosing Charts

Describing Visualizations

Reporting Insights

Summarizing for Executives

Creating a Data Story

Important Caveats

Verify Analysis

Data Limitations

Always remember:

• ChatGPT may make calculation errors - verify important figures
• It doesn't have access to current market data
• Complex statistical analysis may need proper tools
• Always double-check formulas it provides

Practice Exercise

Key Takeaways

1. ChatGPT is a thinking partner - Not a replacement for real analysis tools
2. Small data works best - Paste tables directly for analysis
3. Describe large datasets - For bigger data, describe structure and ask for approach
4. Always verify - Double-check calculations and interpretations
5. Ask for explanations - Have it explain what numbers mean
6. Connect to action - Analysis should lead to decisions
7. Know the limits - Complex statistics need proper tools

ChatGPT makes data accessible to everyone. Next, let's dive into specific help with Excel and spreadsheets.