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In this lecture, the speaker discusses how to use INDEX and MATCH instead of VLOOKUP for complex lookup problems. They explain that VLOOKUP may not work for all situations and demonstrate how INDEX and MATCH can be more effective. The speaker starts by explaining how INDEX works and then moves on to show how MATCH works, before combining the two. They use an example with divisions, apps, revenue, and profits to illustrate how the formula works for selecting an app like Misty Wash.
