In this article, you will learn how to utilize the CHOOSE formula in Google Sheets. The CHOOSE function is suitable when you conduct a scenario analysis in which you need to change a value in a cell depending on the scenario you select.
The general syntax is as follows:
Index: The value for this parameter should be a number from one up to twenty-nine (inclusive).
Choice1: This is the output value corresponding to the “index” of “1”.
Choice2: This is the value shown when the “index” is “2”.
Note: you need to input as many choices as the number of scenarios you have. For example, if you have three scenarios and the “index” can be one of the integers from one to three, you need to enter choices - “choice1”, “choice2”, and “choice3” in the formula.
The CHOOSE formula is effective when you conduct scenario analysis and want to keep the entire structure and the existing numbers unchanged because the function allows you to replace a value with another value depending on the case you choose. You can leverage what you build for a scenario for other scenarios by using the CHOOSE formula; You don’t need to replicate unchanged parts to analyze the other cases.
Assume you are a finance manager and want to check how much your company’s profit changes if the cost varies. You assume three scenarios: (i) the cost is $500mm, (ii) it is $750mm, and (iii) it is $1,000mm. What you are recommended to do is as follows:
We highly recommend that you use cell references for the CHOOSE formula because it
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