Now that you're familiar with the basic IF function, it's time to take things up a notch with Nested IF statements.

Nested IFs allow you to perform multiple logical tests in a single formula, making your Excel sheets even more dynamic.

By learning how to layer multiple conditions, you'll be able to create more sophisticated and versatile formulas, improving the depth and accuracy of your data analysis.

Key Points

• Structure nested IF statements to evaluate multiple conditions like this: =IF(condition1, value_if_true1, IF(condition2, value_if_true2));
• Use nested IF statements for intricate decision-making in your spreadsheets;
• Ensure each nested IF statement is correctly closed with the appropriate number of parentheses;
• Apply nested IF statements to create multi-layered logical tests for more detailed analysis.