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Monday, November 18, 2013

Using Vlookup with other functions


Woman Looking As I mentioned, I am writing a new Ebook on Lookup Functions and am having a blast playing around with some of these formulas.
 I started with LOOKUP. I have always wondered about it as I have always used VLOOKUP and HLOOKUP but had never seen LOOKUP used.

The Excel LOOKUP function has two forms: the Vector Form and the Array Form. Today, I am just going to talk about the vector form. This 
allows you to lookup a single value from a column. 

The lookup function is pretty straight-forward although you would never know it from its syntax.
=LOOKUP(Lookup_Value), lookup_vector, result_vector)
So, in English  this translates as:
 =LOOKUP(value you looking up, column that contains the value you are looking up, the column that contains the answer).
In the example below, I have an employee listing and I want to find the salary of Hamilton.  So, I am looking up Hamilton which is in Column A; that takes care of the first 2 parts of the syntax – the lookup value is A5 or “Hamilton” and the lookup_vector is Column A.
 The result or answer I am looking for is in Column B – Salary.

The equation then is =LOOKUP("Hamilton",A4:A9,B4:B9)

Now, this seems pretty simplistic with only 6 rows of information but you would find it useful if you had a couple of hundred or more employees. The difference between this lookup function and VLOOKUP or HLOOKUP is that there is no separate lookup table; instead, you are looking in the data itself.  

Thursday, November 7, 2013

CHOOSE - A Lookup Function


I am writing a new CPE EBook on advanced functions and starting with some of the lookup functions. I took a look at the CHOOSE function as I have always been a bit curious about it. You can do a couple of different things with it but today I am just going to talk about how to use it as a basic lookup function.

The CHOOSE function is in the lookup and reference category. The syntax is =CHOOSE(Index_number, Value1, Value2,…Value254).It returns the values from an existing list.
So- what does that mean?

Excel looks at the index number and then searches for a match in the list of values. 
It works pretty simply. =CHOOSE(3, 10,15,20,25,30) = 20.
Since the Index Number is 3, CHOOSE selects the 3rd value in the list which is 20.

See, I told you it was simple.

Let’s go through a basic example. I have a list of employees and want to determine their tax rate based upon their filing status. For informational purposes, I have a table over in Column G and H showing the filing statuses and the corresponding tax rate. 

In the example above, I want to look up and assign a tax rate based upon the filing status shown in Column D. Instead of using a lookup table as we would with VLOOKUP, in the CHOOSE function, all the information is included in the function arguments.
The equation we would use is =CHOOSE(D4,15%,25%,28%,33%,35%).
We are telling Excel to look at D4 and then find that corresponding number in the list. Cell D4 has a filing status of 4 so Excel goes to the 4th item in the list which is 33%  and returns it. If we copy the formula down,  Excel would show that Madison has a filing status of 3 and so would return the 3rd value in the list which 28%.

The big difference between CHOOSE and the VLOOKUP is that all the data is housed inside the function arguments rather than referencing a lookup table. If you have a lot of things you are looking for then CHOOSE could be cumbersome especially if you need to edit and update it frequently.
The advantage is that you don't need to worry about sort order, once the data is entered, or absolute cell references.

Ms. Excel- Resident Excel Geek