The MATCH function in Excel is used to find the position of a value within a range of cells. Here's how you can use the MATCH function in Excel:
Arguments:
· lookup_value: The value you want to search for in the lookup_array.
· lookup_array: The range of cells you want to search for the lookup_value.
· [match_type]: Optional argument that specifies how the lookup_value should be matched. The possible values are:
o 0 or omitted: Exact match (default)
o 1: Matches the largest value less than or equal to the lookup_value
o -1: Matches the smallest value greater than or equal to the lookup_value
How to use the MATCH function in a practical context for a renewable energy financial model?
Example: Suppose you have a list of different inflation assumptions for revenue and operational expenditure purposes.
For the calculation purposes of the indexation, you can combine the MATCH function with the INDEX function.
You can use both functions as follows:
1. Define a list of indexation assumptions, create a drop-down selection for the inflation assumption for merchant price indexation selection, and pull in all information into a separate sheet as the one above.
2. Enter the formula =MATCH(E380,C$19:C$23,0). This will search for the position within the list of indexation assumptions and return the position of the first exact match.
3. Use the INDEX function to look up the corresponding inflation assumption as displayed below. This will use the position returned by the MATCH function to retrieve the corresponding indexation from the respective row.
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