Formulas can perform simple arithmetic operations, such as addition and subtraction, as well as complex calculations, such as statistical analysis and conditional operations. Functions, on the other hand, are pre-defined formulas that simplify complex calculations and enable users to perform specific tasks efficiently.
Basic Formulas in Excel
Let’s consider a simple example of a basic formula in Excel:
Excel offers a wide range of built-in Functions that cater to different data analysis and manipulation needs. Some common Functions include:
- SUM: Adds up a range of cells.
- AVERAGE: Calculates the average of a range of cells.
- IF: Performs a conditional operation based on a specified condition.
- VLOOKUP: Searches for a value in the first column of a table and returns a value in the same row from another column.
- CONCATENATE: Joins two or more text strings into one string.