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This video tutorial demonstrates how to use pivot table calculated field and calculated items to automate reporting and analysis. It explains why the calculated item field may be grayed out and the difference between calculated field and calculated item. The tutorial covers adding useful fields and items to the pivot table, as well as adding formulas like sum if and and functions. It emphasizes the importance of using calculated items and fields for automation in reporting and analysis. The tutorial walks through creating a pivot table by selecting all data and inserting a pivot table on a new sheet, including customer name, calendar month, gross and net sales, and standard margin in the pivot table.
