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IBM Planning Analytics Tips & Tricks

IBM Planning Analytics Tips & Tricks: Excel MAXIFS and MINIFS

 

July 12, 2022

By Lee Lazarow

Many of you know that Excel’s MAX function will define the largest value within a range. And many of you also know that Excel’s SUMIFS function will allow you to merge IF checks into your sum formulas. But did you know that Excel has a function called MAXIFS which merges these two concepts together?

The MAXIFS function is used to determine the largest number within a range that satisfies one or more conditions.

The syntax of the function is:

=MAXIFS (max_range, criteria_range1, criteria1 [,criteria_range2, criteria2] [..])

  • Max_range
    • This is required
    • This defines the range to search
  • Criteria_range1
    • This is required
    • This defines the range to perform the IF check
  • Criteria1
    • This is required
    • This defines the criteria of the IF check
  • Criteria_range2 and Criteria2
    • These are optional
    • These allow you to have multiple IF checks
    • You can have more than 2 criteria

The following example shows how to define the maximum value for Lee.  

Other iterations of this formula include MINIFS, AVERAGEIFS and COUNTIFS.

Revelwood has worked with IBM Planning Analytics / TM1 for more than 27 years. We’ve partnered with hundreds of companies on the design, development, maintenance and updates of IBM Planning Analytics applications, across every industry. Have a challenge with Planning Analytics / TM1? We can help you!

Read more IBM Planning Analytics Tips & Tricks:

IBM Planning Analytics Tips & Tricks: Unhide Multiple Excel Sheets

IBM Planning Analytics Tips & Tricks: Refresh PAW Visualizations Automatically

IBM Planning Analytics Tips & Tricks: Improve Workbook Performance

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  • Lee Lazarow

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