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In this video tutorial, the presenter introduces the SELECTEDVALUE function in DAX, highlighting its usefulness and providing examples of its application. Understanding SELECTEDVALUE is essential for proper usage across various scenarios. The tutorial demonstrates its practicality using a report that displays product name, sales amount, and product class in a table format. The presenter explains that columns from the product table can be easily rearranged. He then shows how to convert the table into a matrix, emphasizing situations where SELECTEDVALUE enhances data analysis and presentation. Mastering this function opens up numerous possibilities for effective report creation in DAX.