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The most commonly used lookup functions in excel are vlookup and hlookup. Vlookup allows you to search for vertically set data ranges. hlookup is the exact same function, but finds data formatted by rows instead of columns.
vlookup or vertical-lookup and hlookup or horizontal-lookup are reference functions in excel that reference data to match a table array or set of data and display the output. The difference between these referencing functions is that vlookup refers to columns, while hlookup refers to rows.
For example, when we apply the vlookup and hlookup formulas to a dataset, we will display the same output by column and by row, respectively.
LookUp and related functions are commonly used for business analysis in Excel as a way to slice and dice data for analysis.
1. When applying the vlookup function, we need a vertical table, and for the hlookup function, we need a horizontal table.
2. VlookUp is a popular function in Microsoft Excel, and many people use it. At the same time, hlookup is not used frequently and is only used in certain scenarios.
3. Both are used to get the same output but have a different appearance, i.e., by row and by column.
4. The formula of vlookup = vlookup ( lookup value , table array , col index number , range lookup ]) The formula of hlookup is = hlookup ( lookup value , table array , row index number , range lookup ]) There is only one difference between these formulas: rows and columns.
5. VlookUp can help you find out the data in the leftmost column. On the other hand, hlookup is used to find data from the range of the bottommost rows.
The vlookup and hlookup functions have certain drawbacks that can lead to potential errors, especially for users who are generally unfamiliar with electronics** or financial models.
The vlookup hlookup function is usually used before the lookup function. However, the lookup function is much clearer and more transparent because it only requires two ranges and a lookup value. The syntax of lookup is lookup (lookup value, lookup vector, result vector).