Microsoft Excel 2021365 - Beginner to Advanced - Looking Up Information Using VLOOKUP (Approx Match)

This video tutorial explains the difference between exact and approximate match arguments in VLOOKUP. It demonstrates how to use the approximate match option when the lookup value doesn't exist exactly in the table. The tutorial includes creating a named range for easier reference and constructing the VLOOKUP formula. It also covers using the Functions dialog box to complete the VLOOKUP arguments. The video provides practical examples with salary bands and tax rates to illustrate the concepts.

What happens if you use an exact match for a lookup value that does not exist in the table?

Describe the steps to perform a VLOOKUP using the Functions dialog box.