Excel formulas and functions

Excel formulas and functions

Formulas and functions are the bread and butter of Excel. They drive almost everything interesting and useful you will ever do in a spreadsheet. This article introduces the basic concepts you need to know to be proficient with formulas in Excel. More examples here.

What is a formula?

A formula in Excel is an expression that returns a specific result.

What is a function?

Working in Excel, you will hear the words "formula" and "function" used frequently, sometimes interchangeably. They are closely related, but not exactly the same. Technically, a formula is any expression that begins with an equals sign ).

A function, on the other hand, is a formula with a special name and purpose. In most cases, functions have names that reflect their intended use. For example, you probably know the SUM function already, which returns the sum of given references.

Excel Functions

1 Count and Sum: The most used functions in Excel are the functions that count and sum. You can count and sum based on one criteria or multiple criteria.

2 Logical: Learn how to use Excel's logical functions, such as IF, AND, OR and NOT.

3 Cell References: Cell references in Excel are very important. Understand the difference between relative, absolute and mixed reference, and you are on your way to success.

Basics of Excel

1 Ribbon: Excel selects the ribbon's Home tab when you open it. Learn how to use the ribbon.

2 Workbook: A workbook is another word for your Excel file. When you start Excel, click Blank workbook to create an Excel workbook from scratch.

3 Worksheets: A worksheet is a collection of cells where you keep and manipulate the data. Each Excel workbook can contain multiple worksheets.

Excel INDEX Function

Index Function in excel is used to return the value at a given position in a array. We can use excel index function with the MATCH function where match locates and retrieve individual values or entrie row or entire column.

In our example, the INDEX function in excel returns PRICE after selecting the first row and 3rd column.

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