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Today's video tutorial explains how to create calculated fields in Google Data Studio. Calculated fields are matrices or dimensions added to existing data sources to calculate additional values. There are two types: data source calculated fields and chart-specific calculated fields. Data source calculated fields are available in any report using that data source and can be used for filtering, charts, controls, and other calculated fields. However, they cannot be used with blended data and require edit rights to the data source. Chart-specific calculated fields are directly connected to a chart.