What are Advanced Excel Functions?

Advanced Excel functions are specialized functions in Microsoft Excel that perform more complex calculations and manipulations of data. These functions can be used to perform a wide range of tasks, including statistical analysis, financial modelling, and data management.

Some examples of advanced Excel functions include:

VLOOKUP: Allows you to search for a specific value in a table of data and return a corresponding value from a different column in the same row.

IF: returns one result if the condition is true and another value if it is false when testing a condition.

INDEX/MATCH: Allows you to perform a lookup and return a value from a specific cell in a range or array.

SUMIF: Adds up values that meet specified criteria.

NETWORK DAYS: calculates the number of workdays, excluding weekends and holidays, between two dates.

FORECAST: Predicts a future value based on existing values using a linear trend.

Range lookup: 

You can only enter true or false here. When something does not match the variables, the true option will provide the set of data that is the closest to what you’re looking for. False will either give you the precise figure you are seeking or #N/A if the data cannot be retrieved.

To use these and other advanced Excel functions, you will need to enter them into a cell in your worksheet using the correct syntax. You can find more information on how to use specific functions in Excel’s Help feature or by searching online.

The term “Advanced Excel Functions” refers to the tools and capabilities of Microsoft Excel that enable users to carry out intricate computations, analyze data, and do a lot more.