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In this video, the presenter demonstrates how to create charts with conditional formatting that update dynamically based on data. The example used is monthly sales versus forecasted sales, with data points below the forecast formatted in red and above the forecast formatted in green. Updating values in the chart automatically adjusts the formatting of data points. To set this up, start by turning the data into a table for dynamic updates, then insert a chart from the table to display sales and forecast data.
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