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Old 07-11-2008, 07:38 AM
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Carol Marler
Non-Actuary
 
Join Date: Sep 2001
Location: Back home again in Indiana
Studying for Nothing actuarial.
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Quote:
Originally Posted by Brad Gile View Post
I have never understood why anyone would think that a spreadsheet designed for the general public would be, per se, usable for serious scientific investigations.
How about for financial results in the insurance business? FAS97 calculations do not fit my definition of "serious scientific investigations." (I suppose I could be wrong about that, though.)
Quote:
So, WTF are you using Excel beyond the purposes it was designed for?
I am using it for the purposes it was "designed" for, and it is more than a little bit annoying that cross-footing sums can give different answers depending on the order of the parentheses. I think it was actually better when it didn't try to hide the problem and the user needed to know how to test cross-footing with some permitted difference parameter.

In some ways, the decimal representation of numbers (a la mainframe/Cobol) had its advantanges when doing Dollars and Cents. Otherwise, "totals may not agree - due to rounding."
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Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial.


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