Explanation of formula

windsurfit

Board Regular
Joined
Mar 27, 2003
Messages
228
=HLOOKUP('Input'!$C$15,C2:L49,47,FALSE)


I would like a simple explanation of the above formula and how it plays in a workbook I was recently provided with?

I know the first part is taking the number in c15 of the Input sheet but its whats happening from there that confuses me. What's happening with C2:L49? and the 47, False part there is lots of data here....

Tough to remark accurately I'm sure so just a basis of understanding would be fine.
 

Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.
The C2:L49 is a grid of data on your sheet. HLOOKUP looks horizontally in the top row of that range (C2:L2) looking for a match to the value in $C$15. Once it does, it goes 47 rows down (row 48 since the range starts on row 2) gets that value and returns it. The FALSE means it needs an exact match. If you say TRUE, or leave that off, you could be looking for a "closest" value, like if you're looking up 12, and the values in the top row are 5,10,15,etc. then it would match on 10.
 
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