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In this video, Mindy Tracy from her online training hub explains how to insert a pivot table calculated item. She highlights the uses of calculated items as siblings to calculated fields and shares her understanding of when to use each. Mindy encourages viewers to download the workbook used in the tutorial and provides a link for step-by-step written instructions. She begins by showcasing her sales data, which includes regions, months, type (renewal or initial), and value. Mindy demonstrates how to insert a pivot table on the worksheet to analyze the data by region, type, and value, with months displayed across the columns for clarity in viewing totals.