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In this tutorial, MD Tech explains how to undo or redo actions in Microsoft Word. To undo an action, you can use the keyboard shortcut Ctrl + Z or click the back arrow in the toolbar, which is found under the Home tab. For redoing an action, you can use Ctrl + Y or click the right arrow icon in the toolbar. The process is straightforward, making it easy to manage your typing actions in Word. The tutorial aims to assist users with these functions, and the presenter looks forward to future tutorials.