Excel 2007 provides many APIs which are quite powerful from analytics point of view.Not all of them are exposed via the UI though ( for some reason … ). SQL Server MVP Greg Galloway has developed this very cool tool which is EXCEL 2007 add-in and lets you do very cool stuff.
You know that calculated members are evaluated on the fly.But the only way you can have this calculated member available from browsing is by doing this physically in the cube. There is a way that you can do it in the excel itself .These are called Private Calculated Members
Simple ratios or differences and stuff that are very specific to a (or small group) of cube users can be put in here , rather than cluttering the cube.
Limitation: If you run "OLAP Tools… Convert to Formulas" on a PivotTable with private calculated members, the private calculated members will show N/A. There is no known workaround at this point other than having your OLAP administrator define these calculated members in the cube itself.
There is much more to this too and the download and more information is available here http://www.codeplex.com/OlapPivotTableExtend.

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