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In this video tutorial, the speaker demonstrates how to create charts with conditional formatting that automatically update based on the data in a table. For example, monthly sales versus forecasted sales are shown, with data points below the forecasted value appearing in red and data points above in green. By updating the values in the chart, the colors of the data points dynamically change. The process starts by converting the data into a table and then inserting a chart. Working with tables allows for the charts to update dynamically.
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