What does it do?

Searches for an approximate value in the first column of a table array and returns a value in the same row from another column (to the right) in the table array.

Formula breakdown:

=VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

What it means:

=VLOOKUP(this value, in this list, and get me value in this column, Approximate Match/TRUE/1])

 

The Vlookup function in Excel is great when you want to find an exact match in your data table but what happens if you want to find an approximate match?

Approximate matches are used when you have an ascending table like Commission Bonus Rates or Income Tax Rates.

IMPORTANT: For the Vlookup Approximate Match to work in Excel, the table_array has to be sorted in ascending order!

So the way that this formula works is that it looks at the first value in the Table_Array that is greater than the Lookup_Value and then goes back one value.

HaveĀ  a look ta the following tutorial which explains this formula & don’t forget to download the workbook so you can practice:

DOWNLOAD WORKBOOK

Vlookup_Approximate Match

HELPFUL RESOURCE:

Ken_Puls_Podcast_Banner

 

 

If you like this Excel tip, please share itEmail this to someone

email

Pin on Pinterest

Share on Facebook

Tweet about this on Twitter

Share on LinkedIn

Share on Google+

Related Posts

IF Function Combined With The AND Function When combining (or nesting) the AND function with the IF function, it allows you to add more than one condition to your formula, something that is not possible with the IF function by itself.So you can show the results of Sales Reps that have made more than $3,000 of sales AN...
Return the Last Value in a Column with the Offset ... What does it do?It returns a reference to a range, from a starting point to a specified number of rows, columns, height and width of cellsFormula breakdown:=OFFSET(reference, rows, columns, , )What it means:=OFFSET(start in this cell, go up/down a number of ro...
Vlookup in an Excel Table What does it do?Searches for a value in the first column of a table array and returns a value in the same row from another column (to the right) in the table array.Formula breakdown:=VLOOKUP(lookup_value, table_array, col_index_num, )What it means:=VLOOKUP(thi...
INDEX Function with Data Validation To make the INDEX function in Excel interactive we can add a Data Validation drop down list.By referencing the second argument in the INDEX function - the Row Number - to a data validation list, will allow a user to choose the nth position of a list and return their respectiv...