Excel Formula for Calum's Data Analysis

Problem Statement

You need to create an Excel formula that matches a number in Column C (Calum C) and returns the corresponding balance from Column B (Calum B) for the same entry.

Formula Overview

The most suitable function for this task is the VLOOKUP function, which searches for a value in the first column of a range and returns a value in the same row from a specified column.

Formula Syntax

=VLOOKUP(C1, B:C, 2, FALSE)

Formula Explanation

• C1: This is the lookup value (the number you want to find in Calum C).
• B:C: This is the range of data where the formula looks for the match. Here, Column B contains balances, and Column C contains the numbers you are matching.
• 2: This indicates that the value to return (the balance) is in the second column of the specified range.
• FALSE: This argument specifies that the match must be exact.

Steps to Implement

1. Place the formula in the desired cell, where you want the balance result displayed (for instance, Cell D1).
2. Adjust the cell references as required, based on where your data is located.
3. Drag the fill handle down from D1 to apply the formula to subsequent rows.

Practical Example

Sample Data

Use Case

1. If you want to find the balance associated with the number 3 in Calum C:
   • Place the formula =VLOOKUP(3, B:C, 2, FALSE) in any cell, such as E1.
   • The result will be 300, showing that the balance for the number 3 is 300.

Conclusion

Utilizing the VLOOKUP function effectively allows for the retrieval of balances corresponding to specific numbers. This formula can be further expanded by adjusting ranges or references to accommodate more complex scenarios. For additional insights and advanced techniques, consider engaging with resources from the Enterprise DNA Platform.