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In this tutorial, Steve from ExcelDashboardTemplates.com demonstrates how to create a calculated field in a pivot table to streamline data analysis. He encourages viewers to visit his blog for the latest Excel tips and techniques. He introduces a sample sales data set and explains that by clicking on the pivot table, users access contextual ribbons, including "Pivot Table Tools Analyze." Under "Calculations," he selects "Fields, Items, and Sets" to create a calculated field. He names the field "Commission" and mentions applying a 5% commission rate on sales, emphasizing the utility of calculated fields for further data visualizations, like pivot charts.