Imagine: there’s a special feature within Excel that allows you to create a customized function, by combining a conjunction of parameters and calculations. This feature is ideal for users who are utilizing long formulas, where its constantly being replicated across their spreadsheet and instead of copying and pasting, they want to simplify their workflow by creating a specialized function that will save time and increase productivity.
Let’s draw an example: you own a pastry company where you’re selling popular delicacies: brownies, cupcakes, pies and cookies. In order to retain recollection of your inventory, you use Microsoft Excel; as a part of your audit, it’s required to total the number of pastries you’ve sold, at the rate of their value. Rather than learning the outcome using an external calculator, you can create an automated formula that will provide the total for you, using LAMBDA. A prime example to fulfill your query, in this case, is to create a formula that will tally the number of pastries sold (parameter) and multiply by the price (calculation). After creating this custom function, you can name it and it will be available to generate information within your spreadsheet. LAMBDA can also tackle more complex formulas, as seen here, when the occasion arises.
Using LAMBDA within your Excel assignments benefits both professors and students. Collaboratively within your assignment, the professor can create a customized function that’ll help to streamline the coursework while students can mutually create their own functions to ease the complicacy of the assignment. Interested in learning how this would look live in your classroom? Click the graphic below to book a meeting with a member of our team to see a live demo of how LAMBDA and ExPrep can positively influence your workflow.
