4. Creating Advanced Formulas

Excel is a versatile program with many uses, from acting as a checkbook to a flat-file database-management system, to an equation solver, to a glorified calculator. For most business users, however, Excel’s forte is building models that enable them to quantify particular aspects of the business. The skeleton of the business model is made up of the chunks of data entered, imported, or copied into the worksheets. But the lifeblood of the model and the animating force behind it is the collection of formulas that summarizes data, answers ...

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