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Extreme DAX

Extreme DAX

By : Michiel Rozema, Henk Vlootman
4.9 (44)
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Extreme DAX

Extreme DAX

4.9 (44)
By: Michiel Rozema, Henk Vlootman

Overview of this book

This book helps business analysts generate powerful and sophisticated analyses from their data using DAX and get the most out of Microsoft Business Intelligence tools. Extreme DAX will first teach you the principles of business intelligence, good model design, and how DAX fits into it all. Then, you’ll launch into detailed examples of DAX in real-world business scenarios such as inventory calculations, forecasting, intercompany business, and data security. At each step, senior DAX experts will walk you through the subtleties involved in working with Power BI models and common mistakes to look out for as you build advanced data aggregations. You’ll deepen your understanding of DAX functions, filters, and measures, and how and when they can be used to derive effective insights. You’ll also be provided with PBIX files for each chapter, so that you can follow along and explore in your own time.
Table of Contents (17 chapters)
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Free Chapter
1
Part I: Introduction
6
Part II: Business cases
15
Other Books You May Enjoy
16
Index

Calculating the Internal Rate of Return (IRR)

Now that we know how to calculate the NPV in our model, calculating the IRR is easy, as it is just an application of the XIRR function. Before we do that, it is worthwhile to look more closely at what the IRR is.

In the chart below, the NPV is plotted for a single property against different possible values of the discount rate:

Figure 2.6.16: NPV for varying discount rates

It is not easy to see in this chart, but the line has a slight curve; which is to be expected as the NPV is some complex polynomial function of the discount rate. Remember that the definition of IRR is the discount rate at which the NPV equals zero. The chart contains a (horizontal) constant line at zero to allow for visually determining where the IRR must be. The vertical, dotted line is an approximation of the IRR. As can be seen in the chart, for some discount rates, the NPV for this property is positive, but for other discount rates, it is negative...

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