So the formula in E2 is saying IF(Actual is Greater than Budgeted, then Subtract the Budgeted amount from the Actual amount, otherwise return nothing). In the above illustration, instead of returning a text result, we are going to return a mathematical calculation. In the above example, the IF function in D2 is saying IF(C2 Is Greater Than B2, then return “Over Budget”, otherwise return “Within Budget”) You can also nest multiple IF functions together in order to perform multiple comparisons.
You are not limited to only checking if one thing is equal to another and returning a single result, you can also use mathematical operators and perform additional calculations depending on your criteria. In this example, the formula in cell D2 says: IF(C2 = 1, then return Yes, otherwise return No)As you see, the IF function can be used to evaluate both text and values. In the above example, cell D2 says: IF(C2 = Yes, then return a 1, otherwise return a 2) The value that you want returned if the result of logical_test is FALSE. The value that you want returned if the result of logical_test is TRUE. We guarantee a connection within 30 seconds and a customized solution within 20 minutes.Use the IF function, one of the logical functions, to return one value if a condition is true and another value if it's false. If you want to save hours of research and frustration, try our live Excelchat service! Our Excel Experts are available 24/7 to answer any Excel question you may have. Most of the time, the problem you will need to solve will be more complex than a simple application of a formula or function. as we desire under the Charts tab.įigure 7 – We format “ best fit line ” features after plottingĪnd with line of best fit, we can easily infer the relationship between the variables plotted: Number of Customers and Price.
We will click on Chart Layout under the Charts tab, and select Trendline we can then select any desired trendline that match our scatter plot.
We will select Scatter and then Marked Scatter or Bubble Scatter (depending on whether the computer is a MAC or Windows PC).įigure 3 – Select Scatter and Pick Marked Scatter.In our case, it is A2:B21.įigure 2 – Highlight the area with the data We will select the range of cells that we want to chart and add a best fit line to.
In what follows, we look step-by-step at how to add line of best fit.įigure 1 – How to insert Best Fit Line How to Add Line of Best Fit We can add best fit line in excel when we have two columns of data that we wish to use in making a forecast or check for relationships and possible connections.
How to add Line of Best Fit in Excel and Google Spreadsheet – Excelchat