Lookup_value (required argument) – Lookup_value explains the exact value that we want to find in the initial column of a table. The following argument is used by the VLookUp function: Formula for VLookUp=VLOOKUP(lookup_value, table_array, col_index_num, )If we translate it in easy language, we would say you can look for this piece of information in a certain area and provide me some corresponding data from some other column.
This can be specified in terms of TRUE or FALSE argument where False would mean that you are looking for an exact match for the Lookup_value in the Table_array and True would mean that a partial match is also acceptable, in which case it picks up the partial match it finds. Range_lookup (optional argument) – The Range_lookup specifies whether you are looking for an exact or partial match. Col_index_num (required argument) – This is basically an integer that specifies the column number of a supplied table_array, from which you would want to return a value. The VLookUp function helps in searching in the extreme left column of the array.
Vlookup In Excel Manual Efforts As
You have to start it by typing the formula “=VLOOKUP(“. This will help in comprehending the innate logics of the function and troubleshooting even complex VLookUP functions.VLookUp functions in a left to right manner therefore, you need to make sure that the information you are looking for is on the left side of the corresponding data that you want to extract.You can tell Excel what to look for. Automate function – When clubbed with other Excel functionalities such as PIVOT table, the VLookUP can be a powerful tool in automating certain tasks so that the minute you update the value in the source data, it reflects on all the linked sheets.Apart from knowing how to use VLookUp in Excel, you also need to have an idea of how the actual formula works. This helps in saving manual efforts as well as reducing human errors when handling a large set of data. Reference different spreadsheets – Through the VLookUP function, you can create a reference point between two Excel Spreadsheets.
VLookUp in Financial Modeling and Financial AnalysisVLookUp formulas are quite often used in financial modeling and many other types of financial analysis. You need to enter either True or False in the formula. To do it successfully, Excel needs a number that can match the column number in the table.This is the final step in which you have to command Excel that you are looking for a precise or approximate match. Tell Excel what column to output the data fromIn this step, you would need to command Excel about the column that contains the data that you want to have as an output from the VLookUp.
In case the lookup column has duplicate values, VLookUp will match only the first value. It gets data from the columns to the right in the initial column in the table. The major limitation of this function is that it mostly looks right. When range-lookup is not there, the VLookUp function will enable a non-exact match however, a precise match will be used if this is one. One of the important functions of finance is Financial Planning and Analysis, where the VLookup can be specifically used to compare different reports in common Excel formats and draw trends for the benefit of the business.Things to remember about the VLookUp Function Especially in the world of finance, where financial analysts work on a large number of complex data sets, the VLookUp can help save a lot of time and effort.
This happens like that since the hard-coded column index values do not automatically change if you insert or delete the columns. In such a situation, the formulas may break if a column is inserted in the table. Taking as an example, there is a VLookUp formula existing in a worksheet.
#N/A! error – It happens if the match to the supplied lookup_value is not found by the VLookUp function. However, if the first column of the table has numbers that are entered as text, you will get an #N/A! error in case the lookup value is not in the text form. If only the numbers are retrieved as text from a column in the table, it will not really matter. In another example, you are working with the function in a table that contains numbers that are entered as text. For example, an asterisk (*) or a question mark (?).
The col_index_num contains one or more text characters The col_index_num contains a number less than 0 or in other words a Negative value The formula that has been attempted to reference cells that do not exist.
You can specify FALSE if you want a precise match of the return value. You can go ahead and specify TRUE in case you need an approximate match. Taking for example, to specify B2:D11 as the range, you have to count B as the initial column, the C would be the second, and so on.
You can transpose the data from Horizontal to Vertical fields. The HLookUp can be used in a similar way to the VLookUP is used to fetch and analyze data. You can try to run a HLookUp which is a HoriZontal LookUp equivalent of the VLookUp formula. Here are the two things you can try: This is true since the VLookUp or Vertical LookUp only works on a Vertically placed data set. What can I do if I need to find data that is not vertically placed?If you need to use an excel spreadsheet where the data has been placed horizontally instead of vertically, running a VLookUp formula will not be able to yield the right results.
0Please enable JavaScript in your browser to complete this form. Once you have a thorough understanding of Excel formulas, you can move to learn more advanced tools such as VBA. To learn more about VLookUp and other useful Advanced Excel functions and formulas, you can head to Great Learning Academy, and develop your competence in this desirable field. Once you know VLookUp, you can use it in a variety of scenarios and become known as an expert in Excel. Once there, do a right-click on the cell and choose “Paste Special” and then “Transpose Data”These functions make VLookUp one of the most valuable tools that can be used in Excel.
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