i. XLOOKUP can look for values to the left and right
of the lookup array. VLOOKUP is limited to only looking for values to the right of the lookup value column.
ii. XLOOKUP allows you to customize text when a
valid match is not found. While VLOOKUP only shows you an #N/A (error sign). Ankita Das
iii. In VLOOKUP, the length of the lookup criteria
cannot exceed 255 characters. But XLOOKUP imposes no limit on the lookup value’s size. So, if your dataset contains really long strings, XLOOKUP is the solution to avoid errors.
iv. XLOOKUP is better at handling errors or missing
values. You can decide what it should show if it can't find the requested value. Which VLOOKUP doesn't allow.
v. XLOOKUP is faster and more efficient because it
looks only where it needs to. VLOOKUP takes time and resources to scan the entire table Ankita Das
2. What is the importance and usage of pivot tables in
Excel?
A Pivot Table is an interactive way to summarize
large amounts of data quickly. You can use a Pivot Table to analyze numerical data in detail and answer unanticipated questions about your data.
A pivot table helps the user to expand, isolate, sum,
and group particular data in real-time. The pivot table consists of columns, rows, pages, and data fields. It can help you in the efficient analysis of large data and conclude the data being shown by pivot tables. Ankita Das
3. What is Data Validation in Excel?
Ensures that data entered into spreadsheets meets the
predefined criteria, reducing the chances of errors. It Reduces the need for manual checks and corrections of data entries.
Validation text lets you provide a message to help
users who input data that is not valid. Ankita Das
4. Difference between function and formula in excel.
A Formula is an equation designed by a user in
Excel. ex: =A1+A2+A3 is a formula.
while a Function is a predefined calculation in the
spreadsheet application. ex: SUM(A1:13) Ankita Das
5. Difference between A RELATIVE and an
ABSOLUTE reference in a formula?
There are two types of cell references: relative and
absolute. Relative and absolute references behave differently when copied and filled into other cells.
Relative references change when a formula is copied
to another cell.
Absolute references, on the other hand, remain
constant no matter where they are copied. Ankita Das
6. What is VLOOKUP?
The "V" in VLOOKUP stands for "Vertical,"
indicating that it searches vertically (downward) in a table. VLOOKUP is a powerful function in Excel that searches for a value in the first column of a range (table or array) and returns a corresponding value in the same row from a specified column. Ankita Das
7. What are some common functions used in Excel for
data manipulation?
Commonly used Excel formals are SUM,
AVERAGE, MAX, MIN, COUNT, IF, VLOOKUP, and INDEX-MATCH. They can manipulate and summarize data, perform calculations, and make decisions based on specific criteria. Ankita Das
8. Explain what is Conditional Formatting?
Conditional Formatting in Excel enables you to the
cells with certain color depending on the condition. It is an excellent way to visualize data in a spreadsheet. You can also create rules with your own custom formulas. Ankita Das
9. When would you use INDEX-MATCH instead of
VLOOKUP?
i. VLOOKUP is limited to only looking for values to
the right of the lookup value column. INDEX MATCH can do left lookup with ease.
ii. VLOOKUP formulas get broken or delivers
incorrect results when a new column is deleted from or added to a lookup table because it's syntax requires specifying the index number of the column you want to pull the data from. Ankita Das
With INDEX MATCH, you specify the return
column range, not an index number. As a result, you are free to insert and remove as many columns as you want without worrying about updating every associated formula.
iii. When using the VLOOKUP function, the total
length of your lookup criteria cannot exceed 255 characters, otherwise, you will end up having the #VALUE! error. if your dataset contains long strings, INDEX MATCH is the only working solution. Ankita Das
10. What is the difference between VLOOKUP,
XLOOKUP, and INDEX-MATCH?
VLOOKUP is a static measure, while INDEX -
MATCH and XLOOKUP are dynamic. That means if something changes in the source table, dynamic measures adapt and either show an error or the correct value you are looking for. But since VLOOKUP is static, it may show you a wrong value without warning. If you find this helpful... Do like and follow me for more such content