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In this video, the presenter introduces the SELECTEDVALUE function in DAX, highlighting its usefulness and versatility in various scenarios. Understanding how and when to use SELECTEDVALUE is crucial for effectively leveraging its power. The presenter demonstrates a practical example using a report that displays product name, sales amount, and product class in a table format. They discuss the ability to rearrange columns from the product table within this report. Next, the presenter explains how to transform the table into a matrix format and discusses the implications of this change, specifically regarding the display of the product class alongside sales amounts.