Using The Index Match Function In Excel

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What is Using The Index Match Function In Excel?

The INDEX MATCH function in Excel is a powerful combination that allows you to look up a value within a range of cells based on specific criteria. It helps you find the exact match for a lookup value in a row or column and return the corresponding value from another row or column.

What are the types of Using The Index Match Function In Excel?

There are primarily two types of ways to use the INDEX MATCH function in Excel: 1. Exact match: This type is used when you want to find an exact match for a lookup value in a range of cells. 2. Approximate match: This type is used when you want to find the closest match for a lookup value in a sorted list of values.

Exact match
Approximate match

How to complete Using The Index Match Function In Excel

To use the INDEX MATCH function in Excel, follow these steps: 1. Select the cell where you want the result to appear. 2. Enter the formula =INDEX(array, MATCH(lookup_value, lookup_array, 0)), where 'array' is the range of cells you want to search, 'lookup_value' is the value you want to find, and 'lookup_array' is the range of cells containing the criteria to match. 3. Press Enter to see the result appear in the selected cell.

01
Select the cell for result
02
Enter =INDEX(array, MATCH(lookup_value, lookup_array, 0)) formula
03
Press Enter

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Questions & answers

INDEX-MATCH is much better: It's never slower than VLOOKUP and can be much faster. It returns a reference rather than a value, which allows us to use it for more purposes. It doesn't care where the result array is with regard to the lookup array.
INDEX and MATCH is the most popular tool in Excel for performing more advanced lookups. This is because INDEX and MATCH are incredibly flexible – you can do horizontal and vertical lookups, 2-way lookups, left lookups, case-sensitive lookups, and even lookups based on multiple criteria.
INDEX MATCH is a clever way to perform a two-way lookup in Excel by combining the power of the INDEX and MATCH functions. It is used as a workaround for the limitations of VLOOKUP, and offers great flexibility once you understand how it works.
Why use INDEX MATCH instead of VLOOKUP? To get the same result using INDEX MATCH, you need to apply the formula =INDEX($C$2:$C$9,MATCH(F2,$A$2:$A$9,0)) to cell G2. Using INDEX MATCH will always return the price even after adding/deleting rows as you are using a dynamic reference.
=INDEX() returns the value of a cell in a table based on the column and row number. =MATCH() returns the position of a cell in a row or column. Combined, the two formulas can look up and return the value of a cell in a table based on vertical and horizontal criteria.
One of the biggest issues with using VLOOKUP is that it uses a static column reference. On the other hand, INDEX MATCH uses a dynamic column reference which means it can lead to fewer errors when moving around columns. This is an advantage that becomes more apparent as you create larger and more complex spreadsheets.