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This video explains how to use spreadsheet link for Microsoft Excel, which allows access to MATLAB from Excel using an add-in for communication. By exchanging data between the two platforms, users can utilize Excel's interface and MATLAB's computational speed and visualization capabilities. To add the spreadsheet link, start Excel, go to File > Options > add-ins, select Excel add-ins, browse for the add-in in the MATLAB directory, select toolbox Excel Link, and choose XC link. Click OK to close the dialog box after adding the spreadsheet link add-in.