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In this video tutorial, the presenter demonstrates how to create dynamic chart labels using conditional formulas. They explain the need for dynamic labels based on the value being shown, like using "1m" for over a million or "500k" for less than a million. The method involves a custom format hack to automate the process and ensure that labels adjust as data changes. A bonus tip is also shared towards the end of the video, showing a practical example with a random number generator. The tutorial showcases how the numbers are truncated and auto-generated, making the process efficient and time-saving.
