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This video tutorial is focused on calculated fields in Tableau, a key concept to master if you work with data. Similar to using formulas in Google Sheets or Excel, calculated fields allow you to manipulate data columns to perform functions like multiplication, division, or addition. The tutorial uses a guitar store dataset to demonstrate how to create and use calculated fields in Tableau to analyze sales and profits. The goal is to understand the basics of working with formulas in Tableau for data manipulation.