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In this video tutorial, the speaker, Sofiane, demonstrates how to set up formula fields in a simple or more advanced way. By the end of the video, viewers will be able to calculate dates and numbers using formula fields. The example used is of a car rental company where customers need to choose the car model, color, duration of booking, and see the total cost. A dropdown menu is used for car model selection instead of radio buttons to assign values that can be used in formulas.
