CFI-Excel-eBook

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The Corporate Finance Institute ExcelSuppose, if we require marks in Economics then we would put row_index_numas 3.The next is range_lookup. It makes HLOOKUP search for exact or approximatevalue. As we are looking out for exact value so it would be False.The result would be 72.Here, HLOOKUP is searching for a particular value in the table and returning anexact or approximate value.corporatefinanceinstitute.com130
The Corporate Finance Institute ExcelImportant points to keep in mind about HLOOKUP1. It is a case-insensitive lookup. It will consider, for example, “TIM” and “tim”as same.2. The ‘Lookup_value’ should be the topmost row of the ‘table_array’ when weare using HLOOKUP. If we need to look somewhere else, then we must useanother Excel formula.3. HLOOKUP supports wildcard characters such as ‘*’ or ‘?’ in the‘lookup_value’ argument (only if ‘lookup_value’ is text).Let’s understand this using an example.Suppose we are given names of student and marks below:If we need to use the Horizontal Lookup formula to find the Math marks of astudent whose name starts with a ‘D,’ the formula will be:The wild character used is ‘*’.4. #N/A error – It would be returned by HLOOKUP if ‘range_lookup’ is FALSEand HLOOKUP function is unable to find the ‘lookup_value’ in the givenrange. We can embed the function in IFERROR and display our ownmessage, for example: =IFERROR(HLOOKUP(A4, A1:I2, 2, FALSE), “No valuefound”).5. If the ‘row_index_num’ < 1, HLOOKUP would return #VALUE! error. If‘row_index_num’ > number of columns in ‘table_array’, then it would give#REF! error.6. 6. Remember HLOOKUP function in Excel can return only one value. Thiswould be the first value n that would match the lookup value. What if thereare few identical records in the table? In that scenario, it is advisable toremove them or create a Pivot table and group them. The array formulacan then be used on Pivot table to extract all duplicate values that arepresent in the lookup range.To learn more, launch our free Excel crash course now!corporatefinanceinstitute.com131
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