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The QUARTILE function is a legacy function from Excel 2007 or earlier, giving the same output of the function QUARTILE.INC. In the function, array is the dataset of numbers that is being analyzed and quart is any of the following 5 values depending on which quartile is being calculated.
The groups created are termed halves, thirds, quarters, etc., though sometimes the terms for the quantile are used for the groups created, rather than for the cut points. q-quantiles are values that partition a finite set of values into q subsets of (nearly) equal sizes.
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Figure 2. Box-plot with whiskers from minimum to maximum Figure 3. Same box-plot with whiskers drawn within the 1.5 IQR value. A boxplot is a standardized way of displaying the dataset based on the five-number summary: the minimum, the maximum, the sample median, and the first and third quartiles.
Fiscal quarters are four three-month periods during which a company's financial activities and statements are calculated, processed and reported to investors. Below is an outline for the quarters ...
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It also had features that allowed for easy visual connection between formulas and their dependencies - those features were later adopted by Lotus 1-2-3 and Microsoft Excel. S2 was developed almost concurrently with Lotus development of 1-2-3, and matched 1-2-3 feature for feature. The S2 program was used throughout IBM in 1980s and 1990s.
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