The OFFSET function can be used to construct dynamic ranges using a starting cell, and given rows, columns, height, and width.
The rows and columns arguments function like "offsets" from the starting reference. The height and width arguments, both optional, determine how many rows and columns the final range includes. We want OFFSET to return a range that begins at the last entry and expands "backwards" so we supply arguments as follows:
reference - the starting reference is D5 – the cell directly to the right of the formula, and the first cell in the range of values we are working with.
rows - we use 0 for the rows argument, because we want to stay in the same row.
columns - for the columns argument, we use the COUNT function to count all values in the range, then subtract 5. This shifts the beginning of the range 5 columns to the left.
height - we use 1 since we want a 1-row range as the final result.
width - we use 5, since we want a final range with 5 columns.
For the formula in C5, OFFSET returns a final range of F5:J5. This goes into the AVERAGE function which returns the average of the 5 values in the range
Less than 5 values
If there are less than 5 values, the formula will return a circular reference error, since the range will extend back into the cell that contains the formula. To prevent this formula, you can adapt the formula as follows:
To average the last 5 data points, you can use the AVERAGE function together with the COUNT and OFFSET functions. You can use this approach to average the last N data points: last 3 days, last 6 measurements, etc. In the example shown, the formula...
The Excel OFFSET function returns a reference to a range constructed in parts: a starting point, a row and column offset, and a final height and width in rows and columns. OFFSET is handy in formulas that dynamically average or sum "last n values...
The Excel AVERAGE function returns the average of values supplied as multiple arguments. AVERAGE can handle up to 255 individual arguments, which can include numbers, cell references, ranges, arrays, and constants.
Formulas are the key to getting things done in Excel. In this accelerated training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges. You'll also learn how to troubleshoot, trace errors, and fix problems. Instant access. See details here.