INDIRECT is a function in Excel that allows you to use a cell reference in a formula instead of a static value. This can be useful when you want to refer to a value in a different cell in your spreadsheet. For example, if you have a list of sales data in column A, and you want to calculate the average sales price across all of the data, you can use the INDEX and MATCH functions together with the INDIRECT function to do so. The INDEX function will return the value of the cell that you specify, while the MATCH function will return the position of the value that you specify in the list. The INDIRECT function will then use these two values to return the cell reference for the average sales price.
The syntax of INDIRECT in Excel is as follows:
This function takes a text string as an input, and returns the corresponding cell reference. So, for example, if you enter =INDIRECT("A1"), it will return the cell reference A1.
INDIRECT is used in Excel to reference a cell or range of cells. This can be useful when you want to create a formula that uses data from another part of the worksheet. For example, you might have a list of employee names in one column and their salaries in another column. You can use the INDEX function to lookup the salary for a specific employee, and then use the INDIRECT function to reference the corresponding cell in the list of employee names.
There are many instances when you should not use INDIRECT in Excel. One such instance is when you are working with a large data set. INDIRECT can slow down your spreadsheet and cause it to freeze. Additionally, INDIRECT can be difficult to troubleshoot when there is an error.
There are a few similar formulae to INDIRECT in Excel. One is the CHOOSE function. The CHOOSE function allows you to choose a value from a list of values, based on a given index. Another similar function is the OFFSET function. The OFFSET function allows you to specify a range of cells, and then returns a value from that range. Finally, the VLOOKUP function is also similar to INDIRECT. The VLOOKUP function allows you to look up a value in a table, and return a corresponding value from that table.