Question 1

?How can you use the INDEX and MATCH functions together to perform a lookup in Excel

Accepted Answer

The INDEX and MATCH functions can be combined to perform a more flexible lookup than what VLOOKUP or HLOOKUP offers. The MATCH function is used to find the position of a value in a column or row, while the INDEX function returns the value at a given position in a specified range. Here’s how you can use them together:

Use the MATCH function to find the row number: =MATCH(lookup_value, lookup_range, 0)
    Use the MATCH function to find the column number (if needed): =MATCH(column_value, column_range, 0)
    Combine both in the INDEX function to return the value: =INDEX(return_range, row_number, column_number)

For example, =INDEX(B2:D10, MATCH(A2, A2:A10, 0), MATCH("Product Name", B1:D1, 0)) will return the value from the intersection of the matched row and column.

Question 2

?What is the advantage of using the IFERROR function with lookup formulas in Excel

Accepted Answer

The IFERROR function is advantageous when using lookup formulas because it allows you to handle errors gracefully. Lookup formulas such as VLOOKUP, HLOOKUP, INDEX, and MATCH can return errors if the lookup value is not found. These errors can disrupt data analysis and presentation. By wrapping a lookup formula in an IFERROR function, you can specify a custom message or value to display instead of the error. This ensures your spreadsheet remains clean and professional-looking. For example, =IFERROR(VLOOKUP(A2, B2:D10, 3, FALSE), "Not Found") will return "Not Found" if the VLOOKUP formula does not find a match, providing a user-friendly output and preventing error messages from appearing in your data.

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