Download data analysis excel mac5/28/2023 Value_if_false (optional argument) – The value that will be returned if the logical_test evaluates to FALSE.Value_ if_true (optional argument) – The value that will be returned if the logical_test evaluates to TRUE.Logical_ test (required argument) – This is the condition to be tested and evaluated as either TRUE or FALSE.The function uses the following arguments: =IF(logical_test, value_if_true, value_if_false) We can also nest multiple IF functions together to perform multiple comparisons. We can also use mathematical operators and perform additional calculations, depending on our criteria. It is not limited to only checking if one thing is equal to another and returning a single result. The function can be used to evaluate text, values, and even errors. Multiple IF statements in Excel are known as nested IF statements.Īs a financial analyst, the IF function is used often to evaluate and analyze data by evaluating specific conditions. We can also use the IF function to evaluate a single function, or we can include several IF functions in one formula. For example, if sales total more than $5,000, then return a “Yes” for Bonus – Otherwise, return a “No” for Bonus. The Excel IF Statement tests a given condition and returns one value for a TRUE result and another value for a FALSE result.
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