Use the LAMBDA function to simplify any formula in Excel.
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The LAMBDA function in Excel simplifies complex formulas by enabling users to create custom functions for recurring calculations. At a basic level, it can standardize calculations like growth rates by converting long formulas into user-friendly functions. Intermediate applications include creating custom grading systems to simplify multi-condition logic (IFS statements), such as grading students based on their scores. Advanced examples show how LAMBDA can combine functions like FILTER and SORT to automate filtering and sorting data dynamically, making complex operations more intuitive. At an expert level, LAMBDA can build a dynamic mini-search bar that filters data by user input, removes duplicates, and handles errors gracefully. This typically includes the FILTER, UNIQUE, SORT, and IFERROR function. This powerful feature streamlines workflows, reduces errors, and makes Excel more accessible, with vast potential for customization.
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Chapters:
0:00 - Basic LAMBDA
2:35 - Intermediate LAMBDA
6:11 - Advanced LAMBDA
10:26 - Expert LAMBDA