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In this video tutorial, the presenter demonstrates how to create a calculator field within a pivot table, utilizing an IF statement. Using a dataset of daily gains and losses, the tutorial explores categorizing these values—ranging from -$1,000 to +$1,000—without adding extra columns for gains and losses. Instead of manually separating the data, the presenter shows how calculated fields in the pivot table can automate this process, enabling users to distinguish between gains and losses based on specific criteria, such as whether the value is greater than zero. This method simplifies data organization and analysis within pivot tables.
