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In this Excel video tutorial, we gonna see the Sumproduct Function in Excel with many practical and real examples from everyday life and the job market and we will also learn the difference between the SUMIF Excel formula and the sumproduct formula in the Excel sheet. As the name suggests, the sumproduct function adds up the multiplications. Addition of multiplication.
Let's see how to use the SUMPRODUCT function to add up products with many different conditions, many criteria, with different practical examples, etc.
We can say that the SUMPRODUCT formula in Excel is an improvement on the SUMIF formula in Excel, because we can add up values even though there are missing informations.
We can use SUMPRODUCT to sum the product of corresponding values in one or more matrices in the Excel spreadsheet.
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