*Applies to my experience building financial models. If you are new to advanced formulas I would recommend starting with the first video. The second video demonstrates how this knowledge might be applied in a financial model, and the third video provides a more complex example. It then demonstrates how you can use regular formulas with nested functions. The first video below explains the difference between an array (as it is used in this post) and an array formula (as it is used by the Excel community). It is widely used in the array formulae to apply functions and formulas on a set of data. It supports in performing complex calculation using the standard excel functions. It has been my opinion that you can accomplish everything an array formula is capable of by nesting functions that create arrays in other functions.* The formulas this creates are more flexible, which makes building large models a little simpler. Excel Details: Ctrl Shift-Enter is one of the shortcuts used in Excel to perform the calculations with array formulae. I have always tried to use arrays in Excel without creating what is referred to as an "Array Formula." An array formula is easily identified by the fact that you have to press Ctrl+Shift+Enter to create one, which is why they are sometimes referred to as CSE formulas.
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