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Next, set the Pivot By dimension to Medium, the secondary dimension to Region, and set the column views to show Product Revenue and Quantity. The report will show each combination of product and region in a row and columns for each value in the Medium dimension. Each column will have two subcolumns, one for each metric selected in this case, Product Revenue and Unique Purchases. The Pivot Table report can be exported in various formats just like other reports in Google Analytics. The CSV for Excel export renders the columns ready for an Excel pivot table, letting you conduct further analysis. Figure 7.21 shows a pivot table in action. Note that Google Analytics pivot tables aren t as exible or as robust as a pivot table in a spreadsheet application. However, the ability to build a basic pivot table with three dimensions and two

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Since the Soft-Drink Company almost always buys the same amount of corn syrup every month, handling the same manual purchase process is an inefficient way to do business During Step Two, the Soft-Drink Company and its supplier agree on minimum and maximum thresholds for orders in this case, perhaps 40,000 to 90,000 gallons These orders will be set as min-max thresholds on the portal The portal will monitor these orders against that item s minimum and maximum threshold If the order entered falls within the parameters of the min-max, no alert is generated However, if Soft-Drink places an order for high-fructose corn syrup of below 40,000 gallons or.

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The median rate of growth of earnings over a 48-year (1951 1988) period of publicly traded companies was about 6% per year Chan et al (2003) check the database looking for companies that exceeded the 6% mark consistently over any ve-year period They found that very few companies exceeded this modest benchmark and the ones that did were rarely the ones that research analysts had predicted This means that very high P/E ratios are very rarely justi ed If we look at consensus forecasts of research analysts in 2004, more than 100 companies are expected to grow at an annual rate of over 40% over the next ve years This has simply never happened in the past data and shows that relying completely on consensus forecasts can lead to disappointing losses.

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Hence any measure of downside risk should allow for the existence of herd behavior leading to excessive optimism implicit in professional analysts consensus estimates We recommend a healthy grain of salt before believing all that the research analysts have to say in their so-called consensus estimates of future earnings A lesson from Hall s (2001) paper involving the aggregate macroeconomic data for the market as a whole is that we should look at the growth rates of cash ows to assess future stock market downturns The aggregate macroeconomic results do not apply to individual stocks, but consensus forecasts by analysts do The macroeconomic measure is not systematically biased and as an indicator of downside risk it has considerable economic theory behind it We recommend using the macroeconomic measure to adjust overall exposure to equity markets and use analysts recommendations for choosing among different equities.

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