Furthermore, how does Archery level? Does every successful hit on an enemy reward me with a set amount of experience, or does damage dealt also play a role? Also, do I receive any experience for a missed shot?
You do not receive experience for a missed shot. You do gain experience on every successful hit (does not have to be enemy!). The more damage you do, the more experience you gain. A kill also gives you a bit of experience bonus (judging by how much the bar moves).
The best part of leveling archery is that you don’t have to hit an enemy to get experience, you can make target practice on your summoned minions, such as a familiar or zombie. Just summon one, shoot at it, then repeat.
There are also 3 archery trainers in Skyrim that can improve your skill for gold:
- Faendal in Riverwood (Journeyman, level 0 – 50).
- You can effectively train with Faendal for free, if you gain him as a follower through the quest “A Lovely Letter“.
- Aela The Huntress in Whiterun (Expert, level 0 – 75). (Aela will only train you after you join The Companions)
- Niruin in Riften (Master, level 0 – 90)