Advanced Excel | Full Free Course | Lesson #6 – Logical Functions | IF/IFS; SWITCH; AND; OR; NOT
Grab the lesson file here 👉🏽 https://beyond-basics.online/ms-excel... Welcome to Lesson 6 of the Ultimate Advanced Excel Free Course available exclusively on YouTube! Whether you're a beginner or an experienced user, this lesson is designed to help you master Logical Functions in Excel. We'll explore essential functions like IF/IFS, AND, OR, and NOT, and demonstrate how to combine them for powerful data analysis and decision-making. By the end of this lesson, you'll be equipped to handle any logical operation in Excel with confidence. Let's dive in and elevate your Excel skills to the next level! Purpose of the Video: • To teach you how to effectively use Logical Functions in Excel. • To demonstrate practical applications of these functions in real-world scenarios. • To enhance your ability to perform data analysis and make informed decisions using logical operations. Key Takeaways: 1) Understanding and Applying Basic Logical Functions: • Grasping the fundamentals of IF, AND, OR, and NOT functions. • Using these functions individually to solve straightforward logical problems. 2) Combining Logical Functions for Complex Conditions: • Integrating AND, OR, and NOT within the IF function to create nested formulas. • Handling multiple conditions and criteria in a single formula for robust data analysis. 3) Practical Examples of Logical Functions: • Student Performance Evaluation: • Checking if a student passes an exam by combining the SUM function with logical functions. • Determining if a student scores above the class average in multiple terms. • Sales and Revenue Analysis: • Analyzing if sales have increased from the previous year and surpassed the average revenue of the last five years. • Calculating bonuses based on extra sales with complex conditions. • Loan Approval Criteria: • Using AND and OR functions to determine loan approval based on multiple criteria like company age, number of employees, and average revenue. • Identifying if a loan review is required based on credit rating and last year's revenue. • Employee Bonus Calculation: • Deciding bonus eligibility by referencing multiple cells and applying logical conditions. 4) Advanced Techniques with Logical Functions: • Wrapping date-time functions with logical functions to create dynamic formulas. • Utilizing conditional formatting in conjunction with logical functions to visually highlight key data points. • Developing dynamic lookup and reference models using logical operations for efficient data management. 5) Best Practices and Tips: • Simplifying complex logical formulas for better readability and maintenance. • Debugging and troubleshooting common issues with logical functions. • Leveraging logical functions to automate repetitive tasks and improve workflow efficiency. By the end of this lesson, you'll have a comprehensive understanding of how to use Logical Functions in Excel to handle even the most complex data analysis and decision-making tasks with confidence. Timestamps: 00:00 Intro 00:50 Basic Overview 04:43 AND Function 13:40 OR/NOT Functions 18:03 IF Function 22:53 IF with ISBLANK & NOT 25:48 IF with DATE + TEXT functions 31:01 IF with OR function 35:45 Loan Approval Example with IF/AND/OR 42:11 Analyze Student Performance using IF/AND/VLOOKUP 48:17 IFS Function 55:44 SWITCH Function 01:08:59 Complex Example #1: Standardizing Pay Formats 01:16:18 Complex Example #2: Convert Numbers to Readable Text
