MS Excel: Simplifying Complex Nested Conditional Formulas using Easy and Understandable Method
In this tutorial, we'll show you how to write a large, complex, nested conditional formula in Microsoft Excel, but in a simple and understandable manner. We'll guide you through the process of adding multiple conditions using a straightforward technique that minimizes the risk of errors and confusion.
Using a practical example with a credit dataset, we'll demonstrate how to add a code to each borrower based on their age and loan grade for internal analysis. Step by step, we'll teach you how to create a new column, apply the conditional formula, and assign specific codes to loan cases that meet the given criteria.
We'll also address the challenges of dealing with nested formulas and how they can become convoluted and hard to comprehend. However, we'll present a solution to simplify the formula and make it easily readable and manageable. By expanding the Formula Bar and using the Alt and Enter keys, we'll guide you through the process of adding nested formulas and applying them effectively.
Throughout the tutorial, you'll witness the transformation of a complex nested conditional formula into a clear and concise one. We'll compare the traditional approach with our simplified method, emphasizing the benefits of improved understanding, ease of modification, and maintenance.
If you want to enhance your Excel skills and learn how to handle intricate nested conditional formulas with confidence, this tutorial is perfect for you. Watch the video now and don't forget to like and subscribe to our channel for more helpful tutorials and updates.
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00:22 - Understanding the Problem, and Adding a Conditional Function
02:16 - Adding another Nested Conditional Function
03:42 - Adding more Nested Conditional Functions
04:48 - Adding all 21 Nested Conditional Functions
05:42 - Comparing both approaches