#### Overview of this book

DAX provides an extra edge by extracting key information from the data that is already present in your model. Filled with examples of practical, real-world calculations geared toward business metrics and key performance indicators, this cookbook features solutions that you can apply for your own business analysis needs. You'll learn to write various DAX expressions and functions to understand how DAX queries work. The book also covers sections on dates, time, and duration to help you deal with working days, time zones, and shifts. You'll then discover how to manipulate text and numbers to create dynamic titles and ranks, and deal with measure totals. Later, you'll explore common business metrics for finance, customers, employees, and projects. The book will also show you how to implement common industry metrics such as days of supply, mean time between failure, order cycle time and overall equipment effectiveness. In the concluding chapters, you'll learn to apply statistical formulas for covariance, kurtosis, and skewness. Finally, you'll explore advanced DAX patterns for interpolation, inverse aggregators, inverse slicers, and even forecasting with a deseasonalized correlation coefficient. By the end of this book, you'll have the skills you need to use DAX's functionality and flexibility in business intelligence and data analytics.
Preface
Thinking in DAX
Tangling with Time and Duration
Transforming Text and Numbers
Evaluating Employment Measures
Processing Project Performance
Calculating Common Industry Metrics
Solving Statistical and Mathematical Formulas
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# Calculating Common Industry Metrics

Across various industries, there are hundreds, if not thousands, of KPIs that businesses use to measure themselves. The previous chapters of this book have focused on metrics that are common to most businesses, such as metrics dealing with dates and times, finances, customers, employees, and projects. This chapter focuses on measures of business processes that are more particular to specific industries, such as manufacturing, health care, and supply chains.

We will cover the following recipes in this chapter:

• Calculating Days of Supply
• Computing the mean time between failures
• Constructing a patient cohort (AND slicer)
• Determining overall equipment effectiveness
• Optimizing On Time in Full
• Analyzing Order Cycle Time