How to Find the Minimum or Maximum Value Based on Multiple Criteria in Excel

🔍The minifs and maxifs functions make it easy to find the minimum or maximum value based on criteria in Excel.

💡You can use the aggregate function in Excel 2010 and above to achieve the same result as minifs and maxifs.

⚙️The minifs and maxifs functions allow you to filter and calculate values based on multiple criteria in one formula.

📊You can apply the minifs and maxifs functions to various scenarios, such as finding the highest revenue for specific criteria.

🔄If you have an older version of Excel, you can use the aggregate function as an alternative method to find the minimum or maximum value.

What are the key benefits of using the minifs and maxifs functions?

—The minifs and maxifs functions make it easy to filter and calculate values based on multiple criteria in Excel, saving you time and effort.

Can I use the aggregate function in Excel for older versions?

—Yes, the aggregate function is available in Excel 2010 and above, making it suitable for older versions as well.

Can I apply the minifs and maxifs functions to other scenarios besides finding the minimum or maximum value?

—Yes, you can use the minifs and maxifs functions to filter and calculate values based on any criteria you specify in Excel.

Do I need to use multiple formulas to find the minimum or maximum value with multiple criteria?

—No, you can use a single formula with the minifs or maxifs functions to find the minimum or maximum value based on multiple criteria in Excel.

Are there any limitations to using the minifs and maxifs functions?

—The minifs and maxifs functions have a limit on the number of criteria you can use in one formula, which is 127 criteria in Excel.

00:00The video introduces the topic of finding the minimum or maximum value based on multiple criteria in Excel.

00:23The video explains the usage of the minifs and maxifs functions in Excel 2016 and above.

03:08The video demonstrates the alternative method using the aggregate function for older versions of Excel.

04:12The video showcases an example of finding the highest revenue based on specific criteria using the minifs function.

06:23The video explains how to use the minifs and maxifs functions and provides tips for copying the formulas.

07:46The video concludes with a reminder to like and subscribe for more Excel tutorials.