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In this lecture, the speaker discusses using INDEX and MATCH instead of VLOOKUP for complex lookup problems. They explain the basics of how INDEX and MATCH work, and provide an example with a list of divisions, apps, revenue, and profits. The goal is to select an app, such as Misty Wash, and retrieve related data. Learning to use INDEX and MATCH may take some practice, but they are more flexible and powerful than VLOOKUP for difficult lookup tasks.
