Solved

Excel Formula

Posted on 2015-01-17
3
102 Views
Last Modified: 2015-01-17
I have a spreadsheet of dates and values that I need to perform a lookup on. Here is my data structure:

Column B - dates in Ascending order
Column J - numeric values

My problem is that I can't perform a standard lookup where I have a known value in column b that will return a value from column j. The lookups that I need to perform are based on calendar years. So for example, in the attached spreadsheet if I were doing my lookup for 2013 value I need returned is $35,904.58, if I were doing my lookup for 2014 the value I need returned is $34,589.33.

So what I need is a formula that will look for the maximum date in column b for a given year, and then return the value in the corresponding position in column j.
1098TestFormulas.xlsx
0
Comment
Question by:gacto
3 Comments
 
LVL 18

Expert Comment

by:Simon
ID: 40555273
Please see attached with the formulae for each year added below the original data.
1098TestFormulas-V1.xlsx

This uses a combination of an array formula in one cell to determine the max date value within the year, and the MATCH and INDIRECT functions in a second cell to return the relevant value from column J.

This is the array formula (which will return an error if not entered as an array formula using CTRL+SHIFT+ENTER on Windows or CMD+SHIFT+ENTER on Mac). The formula will have curly braces around it if it is an array.
=MAX(IF(YEAR($B$1:$B$24)=A29,$B$1:$B$24))

This is the formula that goes next to it and refers to it to locate the correct value in column J.
=INDIRECT("J"&MATCH(B29,$B$1:$B$24,0))
0
 
LVL 68

Expert Comment

by:Qlemo
ID: 40555303
You can also use this formula in e.g. L (doesn't matter) to get the most recent value of the corresponding year:
  =VLOOKUP(DATE(YEAR(C:C)+1,1,1),C:J, 8)
0
 
LVL 50

Accepted Solution

by:
barry houdini earned 500 total points
ID: 40555305
You can use a relatively simple LOOKUP formula, e.g. if you put the years in L2 down then you can use this formula in M2 copied down

=LOOKUP(DATE(L2,12,31),B$1:J$24)

By looking up the last day of the year in a sorted list of dates you will always get the latest date in that year, and the LOOKUP finds the corresponding value in column J

see attached

Edit: Hey Qlemo! Sorry, didn't see your reply when I replied, our approaches are very similar.....!

regards, barry
Lookup-dates.xlsx
0

Featured Post

Is Your Active Directory as Secure as You Think?

More than 75% of all records are compromised because of the loss or theft of a privileged credential. Experts have been exploring Active Directory infrastructure to identify key threats and establish best practices for keeping data safe. Attend this month’s webinar to learn more.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

Introduction This Article briefly covers methods of calculating the NPV and IRR variants in Excel as well as the limitations in calculating and interpreting IRR results. Paraphrasing Richard Shockley, author of my favourite finance reference tex…
Convert between Excel file formats (.XLS, .XLSX, .XLSM) with/without macro option David Miller (dlmille) Intro Over this past Fall, I've had the opportunity to see several similar requests and have developed a couple related solutions associate…
This Micro Tutorial will demonstrate how to use longer labels with horizontal bar charts instead of the vertical column chart.
This Micro Tutorial will demonstrate how to use a scrolling table in Microsoft Excel using the INDEX function.

932 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question

Need Help in Real-Time?

Connect with top rated Experts

18 Experts available now in Live!

Get 1:1 Help Now