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A VLOOKUP can lookup data automatically instead of a person having to do it manually, so time-saving is the first benefit that springs to mind. How much time a VLOOKUP can save depends on the amount of time it takes a person to look up the data manually, how many records are being looked up and whether the lookup function can be re-used to complete the same or similar tasks in the future.
VLOOKUP takes four arguments, in the following format:
VLOOKUP(Lookup_value, Table_array, Col_index_num, Range_lookup)
Lookup_value is the value that you want to search for.
Table_array is the array of data containing the lookup value and the column containing the data to be returned. The column containing the lookup value has to be the first column in the array.
Col_index_num is the column number at the array that you want to return values from.
Range_lookup is a TRUE/FALSE field indicating whether you want an exact or partial match. You’ll always want this to be False, for an exact match.
VLOOKUP is probably the most commonly used lookup function in Excel, but it’s not the only one, and depending on your situation, it might not be the best one. Other lookup options include HLOOKUP, INDEX MATCH or combinations of all these functions.
Hope this helps!
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