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In this Excel tutorial, Steve from Excel Dashboard Templates introduces how to create a calculated field in a pivot table. He encourages viewers to visit his blog for Excel tips and insights. Using a dataset for sales made by various salespeople, he demonstrates how to access pivot table tools by clicking within the pivot table. Under the "Analyze" tab, he explains navigating to "Calculations," then selecting "Fields, Items & Sets" to create a calculated field. He names the field "Commission" and sets up a formula to calculate a 5% commission on sales. This calculated field can then be utilized in pivot charts and other analyses.