Question 1

?What is the difference between an exact match and an approximate match in the VLOOKUP function, and how do you specify each

Accepted Answer

In the VLOOKUP function, an exact match means that the function will only return a value if it finds a value in the lookup column that exactly matches the lookup value. An approximate match allows the function to return the closest match if an exact match is not found. To specify an exact match, you set the fourth argument (range_lookup) to FALSE. For an approximate match, you set it to TRUE or leave it blank. For example, =VLOOKUP("A2", B2:E10, 3, FALSE) looks for an exact match, while =VLOOKUP("A2", B2:E10, 3, TRUE) allows for an approximate match.

Question 2

? What happens if the VLOOKUP function cannot find the lookup value in the specified range

Accepted Answer

If the VLOOKUP function cannot find the lookup value in the specified range, it will return a #N/A error, indicating that the value is not available or doesn't exist in the first column of the table array. This can occur if you are using an exact match and the lookup value doesn't exactly match any values in the first column of your table array. To handle this, you can use the IFERROR function to display a custom message or an alternative value instead of #N/A. For example, =IFERROR(VLOOKUP("A2", B2:E10, 3, FALSE), "Not Found") will return "Not Found" if the lookup value is not found.

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