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In this tutorial, the speaker, Sofiane, demonstrates how to set up formula fields in docHub for basic and advanced calculations. The video covers calculating dates, numbers, and assigning values based on user choices such as car models and colors. The example used is a company sending a form to customers for booking a car. The tutorial shows how to create dropdown menus for options such as car models and colors, as well as calculating the total payment at the end of the form.