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In this tutorial, the digital signature and workflow automation consultant Sofiane demonstrates how to set up formula fields in docHub. He shows how to create simple or advanced formula fields to calculate dates and numbers. The example used is setting up a form for customers to choose a car model, color, booking duration, and price calculation. Instead of using radio buttons, drop-down menus are used to assign values to options. By the end of the video, viewers will be able to set up formula fields for their own documents.