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Lookup: VLOOKUP Approximate

  • Description
  • Discussion
The Vlookup function is a powerful business function used on a daily basis. The last portion of the function allows you to choose “Approximate” or “Exact.” Here, we learn how the Approximate version can be used when our data is in a range. For example, we want to look up a price based on the order size. Excel is able to look at a pricing table and return the correct price by approximating where in the list the value would fall. This function is used for numerical data when we have ranges.

Support Files:

Lookup-Blank.xlsx Lookup-Complete.xlsx

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