Hi all,
I'm new here and I'm looking forward to learning from your Excel knowledge.
My customers vary a lot. Some came back and bought HW, SW or P often. Some only bought the products once over the last 8 years (since 2004).
I've been manually looking at individual customers (from the list of 400 customers) and use yearfrac to calculate the time interval between their purchases, and I found the formula very inefficient. For example, customer A purchased HW, SW or P in Jan-05, Nov-06, and Dec-06 respectively. My manual work shows it was 1.83 year between the 1st and 3rd orders, and 0.083 year between the 3rd and 4th orders. You don't see any data for the Feb-06 because A bought something else, rather than the HW, SW and P.
I'd like to set up a formula to identify those repeat purchases across customers (file Repeat customers.xlsx) and calculate the time intervals between the purchases (regardless HW, SW or P), and label those purchases (in the next columm) as 1st purchase, 2nd purchase, 3rd purchase etc.
Please help.
Thank you so much,
Angie
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