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Vlookupstats

The document explains the VLOOKUP function in Microsoft Excel, which allows users to search for a specific value in the first column of a range and return a corresponding value from another column. It details the syntax, procedure for using VLOOKUP, and applications such as data retrieval, merging datasets, and inventory management. Additionally, it advises on using absolute references and handling errors with IFERROR.

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abhinav.2006.01
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105 views5 pages

Vlookupstats

The document explains the VLOOKUP function in Microsoft Excel, which allows users to search for a specific value in the first column of a range and return a corresponding value from another column. It details the syntax, procedure for using VLOOKUP, and applications such as data retrieval, merging datasets, and inventory management. Additionally, it advises on using absolute references and handling errors with IFERROR.

Uploaded by

abhinav.2006.01
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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STATISTICS LAB

VLOOKUP - MS EXCEL
VLOOKUP(Vertical Lookup) is a function in Microsoft Excel that helps users search for a specific value in the first column of a
range or table and return a corresponding value from another column in the same row. It is widely used for data analysis and
automation in Excel.
Procedure for using
VLOOKUP
SYNTAX:
=VLOOKUP(lookup_value, table_array, col_index_num,
[range_lookup])

• lookup_value: The value you want to search for.

• table_array: The range of cells where the data resides


(e.g., A1:D20).

• col_index_num: The column number (starting from 1) in


the table array from which to return the value.

• range_lookup (optional):

• TRUE for an approximate match (default).

• FALSE for an exact match.


Procedure for using VLOOKUP
• Ensure your dataset is organized in columns.

• The column where the lookup value resides


must be the first column in the table array.

Insert the VLOOKUP Formula:

• Select the cell where you want the result to


appear.

• Enter the formula based on your data.

For example:

=VLOOKUP("Product A", A2:D20, 3,


FALSE)
This searches for “Product A” in the first
column of the range A2:D20 and retrieves the
value from the 3rd column.
Adjust Cell References

• Use absolute references (e.g., $A$2:$D$20) if you plan to copy the formula to other cells, ensuring the table range remains fixed.

Handle Errors Gracefully

• Wrap the formula with IFERROR to manage missing or incorrect lookup values:

=IFERROR(VLOOKUP(A2, A2:D20, 3, FALSE), "Not Found”)


Applications of VLOOKUP
1. Data Retrieval

• Example: Retrieve a product’s price, description, or category using its name or ID.

2. Merging Datasets

• Combine information from two different sheets or tables based on a common key (e.g., employee IDs).

3. Grading Systems

• Assign grades based on a score by looking up a range table.

4. Inventory Management

• Find the stock count, price, or supplier of an item using its SKU or name.

5. Sales and Financial Analysis

• Automate the calculation of commissions or retrieve tax rates from a reference table.

6. Reporting

• Pull specific data points for dashboards and reports.

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