Hello friends, Please help in understanding the role of funnel in analytics and how can we create such funnels? Thanks and Regards
You can help yourself by doing a little thing we call "Googling". http://www.google.com/support/analytics/bin/answer.py?hl=en&answer=55580 Pretty much answers your question.
The funnel is a great way to discover at which point users are dropping off the conversion path. For an ecomm store, you can see how many people complete the checkout process and how many drop out at say the shipping tab. If you see a lot of exits at some point in the funnel, it may indicate a problem with the page or design. Very valuable.
http://www.google.com/support/analytics/bin/answer.py?hl=en&answer=55515<-- This might be useful for funel configuration